Abu Dhabi Commercial Bank, Schneider Electric sign two MoUs to finance green, sustainable projects in Egypt

Abu Dhabi Commercial Bank, Schneider Electric sign two MoUs to finance green, sustainable projects in Egypt

Abu Dhabi Commercial Bank, Schneider Electric sign two MoUs to finance green, sustainable projects in Egypt

Egypt and Schneider Electric, a leader in digital transformation of energy management and automation, have announced a strategic partnership through signing two memorandums of understanding (MoUs).

The first MoU aims to establish a framework for cooperation to finance green and sustainable projects in Egypt, by providing micro-grid solutions to Schneider Electric’s Badr Factory. The second MoU aims to implement sustainable development projects in Marsa Matrouh Governorate, by establishing a cooled agricultural greenhouse, a water desalination unit, and a modern fertilization unit.

For more information, please see https://www.dailynewsegypt.com/2024/02/13/abu-dhabi-commercial-bank-schneider-electric-sign-two-mous-to-finance-green-sustainable-projects-in-egypt/

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