Elsewedy Electric to expand in Egypt
Elsewedy Electric has announced plans to expand its investments in Egypt, focusing on mining, renewable energy, exploration services, and the petrochemical sector. The company’s President and CEO, Ahmed Elsewedy, revealed the investment drive during a meeting with Minister of Petroleum and Mineral Resources, Karim Badawi.
The discussions centered on enhancing collaboration in the mineral resources, oil, gas, and green energy fields. Elsewedy reaffirmed the group’s commitment to establishing value-added industries, particularly in minerals such as phosphate and kaolin, to support local processing and manufacturing.
Strategy
Elsewedy Electric, which operates across more than 40 countries, views Egypt as a strategic hub for expanding its industrial and energy portfolio, particularly in sectors aligned with sustainable development.
Minister Badawi highlighted the government’s strategic direction for the extractive industries, based on six core pillars aimed at increasing investment and efficiency. A key part of this strategy includes the recent restructuring of the Egyptian Mineral Resources Authority (EMRA) into the Egyptian Mineral Resources and Mining Industries Authority.
Approved by President Abdel Fattah El-Sisi on June 12, the move is intended to strengthen institutional capacity, attract both local and international investors, and position Egypt as a leading center for mining activities in the region. The reforms are part of broader efforts to unlock greater economic value from the country’s rich mineral reserves.
