Elsewedy Electric, Egypt PM Madbouly discuss expansion, new investment plans 

Elsewedy Electric, the Cairo-based energy and infrastructure giant, led by the Egyptian billionaire El-Sewedy family, and Prime Minister Mostafa Madbouly, have reviewed an expanded industrial investment roadmap that includes automotive production, new manufacturing capacity, and deeper development across Egypt’s industrial zones, according to a government statement. 

The discussions signal a broader push by Cairo to strengthen local manufacturing and attract long-term industrial capital into priority sectors tied to exports, infrastructure, and energy systems.

Automotive expansion and industrial push 

A key focus of the discussions was the Ezz–Elsewedy factory, where production capacity is expected to reach about 80,000 vehicles. The project is aimed at serving domestic demand while also creating room for exports, with total investment estimated in the billions of Egyptian pounds. 

The company said the planned automotive expansion will include both conventional vehicles and electric models, aligning with broader efforts to localize advanced manufacturing and reduce reliance on imports. 

Madbouly reviewed Elsewedy Electric’s ongoing projects in Borg El Arab, Upper Egypt, and several new industrial zones, noting progress across infrastructure-linked developments.

Government backing for industrial growth 

The prime minister reiterated the state’s support for manufacturing, describing it as a central pillar of economic activity and job creation. He also highlighted government efforts to attract investment into priority sectors and strengthen Egypt’s export base through local production. 

Officials said the discussions also covered ongoing cooperation with the General Authority for the Golden Triangle Economic Zone, which the government is positioning as a future hub for heavy and light industry.

Golden Triangle expansion plans 

Ahmed El Sewedy, the company’s chief executive, outlined additional investment plans spanning energy, infrastructure, and industrial services. He also discussed efforts to expand operations within the Golden Triangle zone and attract more industrial partners to the area. 

He requested additional land allocation within the zone to accommodate planned infrastructure investments and anticipated demand from incoming manufacturers.

Elsewedy Electric strengthens regional footprint

Founded in 1938, Elsewedy Electric has grown into one of the region’s largest integrated energy and infrastructure groups, with operations spanning 31 production facilities in 15 countries and customers in more than 110 markets. The company employs over 20,000 people and is majority owned by the founding family, which holds a 78.18% stake. 

For the year ended Dec. 30, 2025, Elsewedy Electric reported net profit of EGP19.19 billion ($361 million), up 1.85% from EGP18.84 billion ($354.41 million) a year earlier. Revenue rose 21.2% to EGP281 billion, supported by growth in cables, engineering, and energy-related businesses across key markets.