• Elsewedy Electric invests over USD 300M in Saudi Arabia to expand manufacturing capacity and support growing energy infrastructure demand.
• The company is executing nearly USD 3B worth of projects across the Kingdom, spanning power generation and electricity networks.
• Saudi Arabia drives a significant share of foreign revenue, highlighting Elsewedy Electric’s shift toward regional and global markets.

Elsewedy Electric

Elsewedy Electric, an electricity giant, is intensifying its focus on Saudi Arabia, positioning the Kingdom as a central growth market. The company reported growth across all business segments in 2025, with cables and wires leading the performance.

In an interview with Alarabiya Business, the Group’s CFO Ahmed Shoukry, stated that the international markets now account for around 70% of total revenues, up from 30% in Egypt. This is a reflection of the group’s focus on its growing global footprint.

Saudi Arabia plays a key role in this strategy. Over the past two years, Elsewedy has invested more than USD 300 million to expand existing factories and establish new facilities. These include production lines for cables, transformers, and electrical components.

The company is currently executing projects worth nearly USD 3 billion across the Kingdom. These projects span both eastern and western regions and cover power generation plants and electricity transmission networks. This broad scope strengthens Elsewedy Electric’s presence in Saudi Arabia’s energy and infrastructure sectors.

Global Expansion

The CFO also notes that entering new markets often requires accepting lower margins initially. The goal is to gain long-term market share and secure strong positioning. Moreover, early trade-offs are part of the plan to build a robust regional footprint.

Elsewedy Electric’s total project backlog now stands at around USD 6.5 billion, roughly 10% higher than its usual range. Historically, the company’s backlog ranged between USD 5 billion and USD 5.5 billion.

The company also continues to participate in major projects in Egypt, including the Ras El Hekma development. This reflects its ongoing commitment to domestic infrastructure while pursuing regional expansion.

Saudi Arabia is not just another market for Elsewedy Electric. It has become a central pillar of the company’s strategy, offering long-term growth potential and reinforcing its regional leadership in energy and infrastructure.