Elsewedy Electric

What Elsewedy Electric does

Elsewedy Electric is an EGX-listed Egyptian electrical infrastructure company founded in 1938 with 10,000+ employees, operating across the full power value chain — generation, transmission, distribution, and cable/wire manufacturing. The company runs the largest telecom cables factory in the Middle East (70,000 sqm in Tenth of Ramadan, Egypt) with annual capacity of 4 million km of fiber-optic cables and 200,000 km of copper communication cables. Its product portfolio spans LV/MV/HV/EHV cables, utility-scale solar PV plants (e.g., the 348.6 MWp El Saad plant in Saudi Arabia), hydrogen-ready combined-cycle gas turbine plants (e.g., the €700M Mátra Power Plant in Hungary), transformer stations, and EV chargers, with gas turbine O&M services added through the 2025 acquisition of a 60% stake in Thomassen Service.

The company monetizes primarily through large one-time EPC contracts won via competitive bidding with government utilities and national grid operators across MENA, Africa, Europe, and the Gulf, supplemented by recurring cable/transformer hardware sales and an emerging direct-to-consumer e-commerce channel launched in February 2026. Its customers include the Egyptian Electricity Transmission Company, Saudi Power Procurement Company, MVM Mátra Energia Zrt, and Doraleh Container Terminal — predominantly sovereign counterparties. The Elsewedy family retains over 76% ownership while Abu Dhabi's Electra Investment Holding holds 20% following a $449 million strategic investment in July 2024, with Chairman Ahmed Elsewedy leading operations from the Egyptian headquarters.

The company's strategic posture in 2024-2026 is one of aggressive internationalization beyond its MENA base, with new market entries into the U.S. (cable factory), Europe (Hungary CCGT), the Gulf (Saudi solar), and East Africa (Djibouti logistics and solar), funded by sovereign-aligned capital and supported by partnerships with World Bank's Mission 300 initiative.

Name

Elsewedy Electric

Legal name

Elsewedy Electric

Website

https://elsewedyelectric.com

Company type

Public

Founded year

1938

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Elsewedy Electric is an EGX-listed Egyptian electrical infrastructure company that designs, manufactures, and builds power generation, transmission, distribution, and cable/wire systems for government utilities and national grid operators across MENA, Africa, Europe, and the Gulf, operating the Middle East's largest telecom cables factory and executing large-scale EPC projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Cairo

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. EPC Contracts and Project Execution: Engineering, Procurement, and Construction contracts for power plants, solar PV installations, and grid infrastructure projects. Revenue recognized upon project completion with large contract values (e.g., €700 million Hungary CCGT project).
2. Cable and Wire Manufacturing: Manufacturing and sale of power cables, fiber-optic cables, telecom cables, and transformers. Exports to Europe, Africa, and Gulf countries. Production capacity of 4 million km fiber-optic and 200,000 km copper cables annually.
3. Electricity Transmission Services: Grid modernization and electricity transmission services for national utilities including transformer stations and power supply infrastructure.
4. E-commerce Retail: Direct consumer sales of electrical products through the company's integrated e-commerce platform.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels2 records

Core offering

Elsewedy Electric is a vertically integrated energy infrastructure company that manufactures electrical cables (fiber-optic, copper, LV/MV/HV/EHV), transformers, and EV chargers, and executes EPC contracts for power generation (utility-scale solar PV, hydrogen-ready combined-cycle gas turbines), transmission (substations, overhead lines), and distribution projects for government utilities and enterprises across MENA, Africa, and Europe. It also sells selected electrical products to retail and SMB customers via its integrated e-commerce platform.

Product overview

Elsewedy Electric is a diversified electrical infrastructure company operating across power generation, transmission, distribution, and manufacturing. The company operates a vertically integrated portfolio including: power generation assets (utility-scale solar PV plants like the 348.6 MWp El Saad project, hydrogen-ready combined-cycle gas turbine plants like Hungary's Mátra Power Plant), power transmission and distribution infrastructure (substations, overhead transmission lines), and cable manufacturing (the Middle East's largest telecom cables factory producing 4 million km/year of fiber-optic and 200,000 km/year of copper cables). The product line spans LV/MV/HV/EHV cables, gas turbine O&M services acquired through Thomassen Service, EV chargers, and a newly launched e-commerce platform for electrical products. The company also develops logistics infrastructure and provides renewable energy project development across Africa, the Middle East, and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiber-Optic Cables High-capacity fiber-optic cables manufactured at the largest telecom cables factory in the Middle East (4 million km/year capacity), Egyptian Accreditation Council certified for export. Sold to telecommunications operators, utilities, and infrastructure developers in Europe, Africa, and the Gulf.
• Copper Communication Cables Copper-based communication cables produced at the 70,000 sqm Tenth of Ramadan facility with annual capacity of 200,000 km, serving telecommunications infrastructure needs.
• Utility-Scale Solar PV Power Plants

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Egyptian Electricity Transmission CompanycoreStrategic or Co-development Partner · 6 April 2026Egyptian Electricity Transmission Company Chairperson Mona Rizk met with Elsewedy Electric Chairman to review progress on electricity generation and transmission projects and explore expanded cooperation in distribution, energy efficiency, and loss reduction.
• Mission 300 Private Sector Council (World Bank, AfDB, Rockefeller Foundation)coreStrategic or Co-development Partner · 1 April 2026Elsewedy Electric joined the Mission 300 Private Sector Council along with 13 other senior leaders from companies including Airtel Africa, Delta40, Total Energies, and Standard Bank, to mobilize private investment for connecting 300 million Africans to electricity by 2030.
• Jinko PowermajorStrategic or Co-development Partner · 13 March 2026Jinko Power partnered with Elsewedy Electric on the 348.6 MWp El Saad solar PV plant in Saudi Arabia, the company's first utility-scale PV plant in the Gulf region.
• Al Ghazala Energy Company LimitedmajorStrategic or Co-development Partner · 13 March 2026Al Ghazala Energy partnered with Elsewedy Electric on the El Saad solar PV project in Saudi Arabia.
• AramexminorChannel Partner/ Reseller/ Distributor · 12 February 2026Aramex partnered with Elsewedy Electric for the e-commerce platform, providing logistics and delivery infrastructure.
• MVM Mátra Energia ZrtmajorChannel Partner/ Reseller/ Distributor · 5 February 2026MVM Mátra Energia Zrt awarded the €700 million CCGT project to Elsewedy Electric PSP consortium for the Mátra Power Plant in Hungary.
• Status KPRIAminorStrategic or Co-development Partner · 5 February 2026Part of the consortium with Elsewedy Electric PSP and West Hungária Bau for the Hungary CCGT project.
• West Hungária BauminorStrategic or Co-development Partner · 5 February 2026Part of the consortium with Elsewedy Electric PSP and Status KPRIA for the Hungary CCGT project.
• Elsewedy Logistics DjiboutiminorStrategic or Co-development Partner · 28 December 2025Elsewedy Electric and Elsewedy Logistics Djibouti involved in developing a regional logistics hub in Djibouti as part of bilateral cooperation agreements.
• Thomassen ServicemajorStrategic or Co-development Partner · 5 May 2025Elsewedy Electric acquired a 60% stake in Thomassen Service, expanding its gas turbine operation and maintenance capabilities across key markets in the Middle East, Africa, and Eastern Europe, supporting future entry into oil and gas services.

Scale indicators9 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Schneider Electric: French energy management and automation major; overlaps with Elsewedy in power distribution equipment, transformers, and EPC for utilities.
• ABB: Swiss-Swedish electrical equipment leader in transformers, switchgear, and power infrastructure; broader portfolio but directly competes in power T&D equipment.
• Siemens Energy: German energy technology major across generation, transmission, and grid infrastructure; overlapping CCGT, transformer, and grid solutions portfolio.

Direct peers

• LS Cable & System: Korean cable and system manufacturer with strong MENA presence; directly competes with Elsewedy on HV/EHV cables and turnkey power infrastructure solutions.
• Nexans: French cable manufacturer with global power cable, fiber-optic, and specialty cable operations; closely comparable product mix and end-market exposure to Elsewedy.
• Prysmian: Global leader in energy and telecom cables, including HV submarine and underground cables, with a meaningful MENA footprint; directly comparable to Elsewedy's cable and wire business.
• KEI Industries: Indian cable and wire manufacturer with growing MENA and Africa presence; comparable in cable products and EPC contracting for power projects.
• Polycab India: India's largest cable manufacturer with growing international footprint; comparable product portfolio in wires, power cables, and EPC power project execution.
• Sumitomo Electric Industries: Japanese conglomerate with major wire and cable operations including power and fiber-optic cables; competes in similar emerging-market infrastructure projects.
• Havells India: Indian electrical equipment conglomerate with cables, switches, and lighting; competes in similar emerging-market infrastructure segments where Elsewedy operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ElsewedyElec

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elsewedy Electric