Schneider Electric, the leader in the digital transformation of energy management and automation, has announced plans to increase its investments in the local market by an additional €8 million throughout 2023. This move is part of the company’s strategy to enhance its operations in Egypt geared toward achieving sustainable development and accelerating digital transformation across various sectors. The additional investments include the expansion of the Badr factory, the biggest of its kind in the region, and the new production lines covering a total area of 10,000 sqm. The new investment is an extension of Schneider Electric’s long-term strategy for the local market, which saw a total of €30 million in 2020; €10 million were used to add a production line for manufacturing electricity distribution panels, while €20 million were allocated for capital increase and other investments.
