ABB CEO Dr. Ulrich Spiesshofer and the Ambassador of Sweden to Egypt H.E. Mr. Jan Thesleff met with H.E. Abdel Fattah al-Sisi, President of the Arab Republic of Egypt, on April 24. During the meeting, the Egyptian President discussed his vision of Egypt as an energy hub for the Middle East and North Africa. Also present during the discussion were H.E. Dr. Mohamed Shaker El-Markabi, Minister of Electricity and Renewable Energy; and Mr. Naji Jreijiri, ABB’s Country Managing Director.
“I was honored to discuss the President’s bold vision for economic and social development. Energy is a prerequisite for industrialization and ABB is proud to be a partner of Egypt in electrification and automation. We fully support Egypt’s goal of becoming an energy hub and a center for export-oriented industrial production,” said ABB CEO Dr. Ulrich Spiesshofer. “For ABB, Egypt is our hub for the Near East, North and Central Africa. We have been present here since 1926 and are proud to invest and provide job opportunities for Egyptians.”
In Egypt, ABB employs 1,800 highly skilled employees in its five Egyptian factories; with its local partners, the total number of people employed by the ABB ecosystem is approximately 3,500. ABB has invested more than 200 million USD in expanding and upgrading its facilities in the last decade. About 20 percent of ABB’s production in Egypt is currently exported; the target is to increase that figure to 25 percent.
The Swedish-Swiss company's recent landmark projects in Egypt include power stations serving the new Terminal 2 at Cairo airport; the control system for the new Cairo water treatment and filtration plant built by the Construction Authority for Potable Water and Wastewater; a control system for a 280 kW wind farm; and the electrification of important new national buildings like the Grand Egyptian Museum in Giza.