Thyssenkrupp plans to focus more on the MENA region and Egypt because of its emerging economic power and capability for continued industrial development.
With over 70 employees, thyssenkrupp has raised workforce by more than 40% in Egypt making it the only company to act as a full service EPC contractor.
The firm’s plant engineering operations in Egypt represent the company’s largest resource in the region.
Given the growing need for diversification and modernisation of the region’s industrial base, there is a huge potential especially in the area of energy efficiency programmes and downstream value chains, according to the firm.
Boris van Thiel, CEO of Industrial Solutions MENA within thyssenkrupp, said: “The importance of the MENA region for our business cannot be overstated. Already today, more than 20% of our global sales are achieved in the region, and – together with our customers – we plan to grow further.”