ABB headquarter- Reuters
CAIRO – 11 October 2017: Egypt and Swedish-Swiss technology pioneer ABB will cooperate in fields of professional and technical training, in addition to the industrial digital transformation, Minister of Industry Tarek Kabil said Wednesday.
This came during a meeting between Kabil and Chun-Yuan Gu, who is appointed President of the Asia, Middle East and Africa (AMEA) region, where the pairs reviewed future cooperation in the industrial sector.
Kabil wants to benefit from ABB’s expertise in energy rationalization to improve energy efficiency, while also benefitting from their expertise in small and medium industries, according to a statement from the Ministry.
ABB depends on local components by 40-50 percent in their projects in Egypt, exporting 50 percent from their products to Nigeria, Uganda, South Africa, Iraq, Amman and Qatar, Gu said.
In September, ABB said it seeks to win contracts for LE 3.5 billion ($199 million) for the Egyptian Ministry of Electricity’s projects; as part of the ministry’s plan to implement power distribution and transmission works with LE 37 billion of investments.