Schneider Electric has invested EUR 20 mn to double production from Badr City

Schneider Electric Egypt has invested EUR 20 mn (EGP 365 mn) in its Badr City facility to double its production and increase regional exports over the past year and a half, deputy CEO Sherif Abdel Fattah told Al Mal. Schneider Electric exports 30-40% of its production to 12 MENA countries. It uses 40-70% local components in its products, which it aims to increase in the coming year, Abdel Fattah said.