Schneider Electric expands footprint in the Middle East [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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schneider-electric.com/en/about-us/investor-relations
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Source: Yahoo! Finance
Located in the Hamriyah Free Zone, it will cater to the region's growing demand for AI-powered data centre solutions. The free zone attained second place in fDi's Global Free Zone of the Year Awards 2024. Schneider Electric's new site will manufacture and assemble AI-ready prefabricated modular data centres. It will contribute to the country's ‘Make it in the Emirates' strategy and benefit from the National In-Country Value (ICV) program. Both initiatives aim to enhance the local economy and private sector's role in the UAE's GDP. The new data centre line is designed to provide customers with more reliable services, reduce expenses, and expedite the implementation process. The facility will generate domestic employment predominantly in supply chain, logistics, project management, and maintenance. Amel Chadli, president of Gulf countries at Schneider Electric said, “Our expansion in local manufacturing reflects Schneider Electric's commitment to the UAE's vision for industrial g
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