The General Authority for Investment and Free Zones (GAFI) and Schneider Electric, a global leader in energy management and automation, have discussed the company’s expansion plans in Egypt. GAFI President Hossam Heba and Schneider Electric President for North East Africa and the Arab Levant region Sebastian Rees visited the company’s factory in Badr City, the largest of its kind in the Middle East. Heba praised Schneider Electric’s new investments, which he said are aligned with the government’s strategy to localize the electrical industries and support economic and social development. Rees affirmed that Egypt is a key market and a regional hub for Schneider Electric, where the company sees great potential for growth and expansion. Schneider Electric has been operating in Egypt since 1987 and has invested €300m over 35 years.
