On Behalf of MIFT Minister, GAFI CEO Participates in ABB Electrification’s Celebration of 100 Years in Egypt

Dr. Mohamed Awad:

• The continued presence and expansion of global companies reflect the attractiveness of Egypt’s investment climate

On behalf of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI CEO), participated in ABB’s celebration of its 100th anniversary in the Egyptian market, held at the Grand Egyptian Museum. The event was attended by the Ambassadors of Sweden and Switzerland to Cairo, the company’s senior executives, and a number of officials and business community representatives.

GAFI CEO congratulated the company on this milestone, noting that its track record represents a model of long-term investment built on partnership, technology transfer, and job creation. He highlighted the role of ABB’s operations in 10th of Ramadan City and in the Nasr City and Suez free zones in supporting the electrical and engineering industries, enhancing production efficiency, and rationalizing energy consumption.

Dr. Awad emphasized that the continued presence and expansion of global companies in Egypt reflect the attractiveness of the country’s investment climate and its ability to strengthen its position as a regional hub for production and exports to Middle Eastern and African markets. This, he noted, supports industrial localization, boosts exports, enhances the competitiveness of the national economy, creates productive employment opportunities, and promotes sustainable economic growth.

For his part, Mr. Ahmed Hammad, Country Holding Officer (CHO), Chairman of the Board of ABB Egypt, affirmed the company’s continued commitment to leveraging its expertise and technological solutions to support infrastructure and industrial sectors. He noted that the company’s journey has been closely aligned with Egypt’s development aspirations and that ABB has maintained confidence in the potential of the Egyptian market since opening its Cairo office in 1926.

Mr. Adrian Guggisberg, Division President of Global ABB’s Electrical Distribution Solutions, reviewed the company’s key milestones over the past 100 years, highlighting its longstanding legacy and well-established relationships in Egypt.

The celebration featured a documentary showcasing the company’s projects, its role in supporting industry, the position of the Egyptian market within its global strategy, and its plans for expansion and the strengthening of long-term partnerships.