ABB Group aims to achieve growth in its operations in the Egyptian market by 40% in 2019, compared to 30% in 2018, reports MenaFn.

"Over the past two months, ABB has signed contracts to supply products and equipment to the Ministry of Electricity, and is still competing in some tenders to construct transformer stations, expected to be settled before May," the Managing Director of ABB Egypt, North and Central Africa, Nagy Grigory, told Daily News Egypt, adding that the company will present proposals for a number of projects in the upcoming period.

ABB is anticipating the settlement of the Saudi tender for electrical interconnection project with Egypt, where the bidders reportedly include ABB, Germany's Siemens, and State Grid Corporation of China.

It also plans to present a proposal to the Ministry of Electricity to supply transmission stations for the electricity interconnection project between Egypt and Cyprus.

According to Grigory, ABB is also competing over infrastructure projects in Suez Canal development projects, along with the New Administrative Capital, where the company has won contracts to supply electricity transformers and energy solution equipment to the new capital.

Source: MenaFn