France-based energy service provider Schneider Electric has signed a strategic agreement with the leading UAE business enterprise Arab Development Establishment (ARDECO) in order to manufacture the latest power and energy technology solutions in the Emirates.
Schneider Electric will be manufacturing a range of highly advanced energy automation solutions and integrated power solutions, including production switchgear and control panel integrations, as well as energy automation design and engineering.
According to the statement, both company representatives affirmed the strategic significance of this partnership to further strengthen the transformation of the nation’s industrial sector and contribute to the diversification of the UAE’s economy.
“This partnership with Schneider Electric enables us to continue on this journey and get ready for the growing demand for innovative and sustainable energy solutions in the UAE,” said HE Yousef Al Nowais, Chairman and Managing Director of ARDECO.
“Our partnership with ARDECO marks another great milestone in our long-lasting commitment to the UAE and the region. The UAE’s manufacturing sector is going through rapid transformation, and technology and innovation are at the heart of it. Schneider Electric’s commitment towards empowering UAE’s manufacturing sector will continue to boost innovation and the drive for sustainable energy solutions locally, regionally, and globally.”
The Abu Dhabi National Oil Company (ADNOC) has also signed a letter of intent expressing its interest in the manufacturing technology that will result from the joint venture between Schneider Electric and ARDECO.
“We are ready to work with investors and suppliers to enable them to set up or expand, manufacturing in the UAE and we invite local and business partners to grasp the significant opportunities this will create,” commented Dr. Saleh Al Hashmi, Commercial & In-Country Value Director at ADNOC.