Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric, the Egypt-based energy and infrastructure giant, is ramping up its expansion in Saudi Arabia, positioning the Kingdom as a central pillar of its regional growth strategy.

The company reported broad-based growth across its business segments in 2025, with cables and wires emerging as the top-performing division.

Saudi Arabia anchors growth strategy
According to Group CFO Ahmed Shoukry, international markets now contribute about 70% of Elsewedy Electric’s total revenue, compared to 30% from Egypt, underscoring the company’s accelerating global footprint. Saudi Arabia has become a focal point of this shift, with more than $300 million invested over the past two years to expand existing factories and establish new production facilities.

These investments include new lines for cables, transformers, and electrical components, strengthening the company’s manufacturing base and positioning it to meet rising demand in the Kingdom’s fast-growing energy and infrastructure sectors.

Expanding project pipeline
Elsewedy Electric is currently executing projects worth nearly $3 billion across Saudi Arabia, spanning both eastern and western regions. The projects cover power generation plants and electricity transmission networks, reinforcing the company’s role in supporting the Kingdom’s infrastructure ambitions.

The company’s total project backlog has climbed to approximately $6.5 billion, about 10% above its historical range of $5 billion to $5.5 billion, reflecting a strong pipeline of secured contracts and sustained demand across its markets.

Balancing margins with market share
Shoukry noted that expansion into new markets often comes with initially lower margins, a deliberate strategy aimed at securing long-term market share and building a durable regional presence. These early trade-offs, he said, are critical to establishing a competitive foothold in high-growth markets.

While scaling internationally, Elsewedy Electric continues to play a key role in Egypt’s infrastructure development, including participation in major projects such as the Ras El Hekma development.

By anchoring its strategy in Saudi Arabia while maintaining domestic strength, Elsewedy Electric is reinforcing its position as a leading player in energy and infrastructure, leveraging large-scale investments and execution capabilities to capture long-term growth across the Middle East.

From local cable maker to industrial heavyweight
What started in 1938 as a small Cairo-based cable factory has grown into a major force in energy transmission and industrial infrastructure across Africa and the Middle East. ElSewedy now operates 15,000–19,000 employees across 31 production facilities in 15 countries, exporting to over 110 markets.

With a market capitalization of EGP167.77 billion ($3.2 billion), the firm’s diverse portfolio includes power generation, smart metering, and renewable energy projects. It has become a standout choice for investors seeking long-term growth opportunities in the region.