Egypt's billionaire Elsewedy family bets $700 million on energy services
Egypt's El Sewedy family has announced about $700 million of investment as Elsewedy Electric pushes from cables into power services.
Elsewedy Electric
Billionaires Strive Masiyiwa, El Sewedy family join Vodafone to build Egypt's first AI data centre
Strive Masiyiwa's Cassava and the El Sewedy family's Elsewedy Electric have joined Vodafone to build Egypt's first AI data centre.
Egypt's billionaire Elsewedy family is building a $1 billion phosphate complex at Ain Sokhna
Egypt's petroleum minister met Ahmed El-Sewedy to accelerate a $1 billion phosphate fertiliser complex being built at Ain Sokhna.
Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric lifts sales 37% as margins narrow
Elsewedy Electric, run by Egyptian billionaire Ahmed El-Sewedy, grew quarterly sales 37% while net income rose 12% and the stock fell 2%.
Egypt's billionaire El-Sewedy family will supply the transformers for a giant New Zealand AI hub
Elsewedy Electric, controlled by Egypt's billionaire El-Sewedy family, will build the transformers for a planned New Zealand AI data centre.
Egypt's billionaire El Sewedy family deepens education push with eight new German-model tech schools
Egypt's billionaire El Sewedy family is partnering with the government to launch eight Egyptian-German technical schools built on a German training model.
Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt's industrial and infrastructure sectors.
Egypt's billionaire El-Sewedy family eyes Cameroon investments as part of a new Algeria-Egypt industrial consortium
Egypt's Elsewedy Electric is part of a new Algerian-Egyptian industrial consortium targeting investments in Cameroon's energy and industrial sectors, according to reporting from News du Camer.
Egyptian billionaire Ahmed El-Sewedy meets prime minister to map out billions in new factories and car production
Ahmed El Sewedy met Egypt's Prime Minister Madbouly on May 24 to outline Elsewedy Electric's expansion plans, including a new 80,000-vehicle-per-year automotive factory with global partners.
Egypt's Elsewedy Electric buys majority stake in Dutch gas turbine specialist Thomassen Service
Egypt's Elsewedy Electric, controlled by the billionaire El-Sewedy family, has acquired a 60% stake in Dutch gas turbine specialist Thomassen Service to expand across the Middle East and Africa.
Egyptian billionaire El-Sewedy family’s company wins $60 million Kuwait contract
Egyptian billionaire El-Sewedy family’s Elsewedy Electric wins $60 million Kuwait contract to expand MENA infrastructure projects.
Elsewedy family firm backs Nawah Scientific’s growth in $23 million funding round
Elsewedy Electric backs Nawah Scientific in a $23 million funding round to support regional lab expansion and research services.
Egyptian billionaire El-Sewedy family’s group plans $500 million investment in Saudi Arabia, Qatar
Egypt’s El-Sewedy Electric plans $500 million investment in Saudi Arabia and Qatar to expand factories and power infrastructure.
Egyptian billionaire Ahmed El-Sewedy gains $116 million in Elsewedy stake
Egyptian billionaire Ahmed El-Sewedy adds $115.93 million to his Elsewedy Electric stake as shares climb and market value strengthens.
Egyptian billionaire El-Sewedy family’s electric group signs deal to boost Qatar power solutions
Elsewedy Electric teams with Raneen Energy to strengthen Qatar’s power systems and advance local production.
Egyptian billionaire Sadek El-Sewedy’s Elsewedy Electric stake nears $1 billion
The rise follows a steady climb in the company’s share price on the Egyptian Exchange (EGX), extending a stretch of gains that began earlier in the year.