A new Strategic Alliance in the Gulf countries
Today, these large projects are handled from overseas. But, Schneider Electric Gulf anticipates that the market access will be more linked through local manufacturing of the LV and MV equipments, supported with strong influential lobbying abilities within the GCC. This will bring solutions to the market with greater local content, high quality standards, higher flexibility and reactivity.
After an extensive benchmark of all potential companies, Schneider Electric Gulf identified Danway (a 100% subsidiary of Emirates Holdings, a leading business group in the UAE); as a major key player in the electrical engineering field in the region. Established over 25 years ago, Danway has on board 5 major Division :
> contracts and project Management
> Electrical and Mechanical Engineering
> Intelligent Automation Systems
> Industrial and retail systems.
This company is focusing mainly on Infrastructure market (Water segment), Energy, and Oil and Gas sector. During the Power-Gen Exhibition opening in Abu Dhabi (UAE) held on October 29th, Schneider Electric Gulf and Danway signed the following agreements:
> Transfer of Technology Agreement to manufacture Evolis-Nex (11kV metal Clad switchgear) in Abu Dhabi, to target the utility companies in UAE and Oman in the first phase. This agreement is expected to give Schneider Electric the market leadership in the 11kV switchgear market by 2005.
> License agreement to assemble the new Schneider Electric Intelligent Motor Control Centre (IMCC) – OKKEN with Eagle. The target market will be the Oil & Gas process mainly, with some opportunities in Infrastructure.