{
Ahmed Elsewedy

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}
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Elsewedy Electric to Build 500 Million Dollar Submarine Cable Factory in Egypt

Elsewedy Electric has signed a USD 500 million agreement to establish a subsea cable factory in the Damietta Industrial Zone, covering 500,000 square meters and featuring a 180-meter manufacturing tower. This facility, the first of its kind in the Middle East, aims to produce 100% of its output for export, enhancing Egypt's role in global connectivity and supporting various industries, including renewable energy and petrochemicals. The project aligns with Egypt’s Vision 2030, promoting economic diversification and attracting investment.
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United States Dollar Elsewedy Electric S a E EGY Kamel Al-Wazir Ahmed Elsewedy
Business & Industry, Press Release
11:27 10.03.2025
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