Elsewedy Electric, owned by Egyptian billionaire Ahmed El-Sewedy, has signed a contract worth QAR1 billion ($274.7 million) with Qatar General Electricity & Water Corporation (Kahramaa) through its Qatari subsidiary, Elsewedy Cables Qatar.
The three-year contract covers engineering, procurement, and construction (EPC) services for Qatar’s Power Transmission System Expansion project. Elsewedy Cables Qatar will provide and install 132-kilovolt (kV) power cables for important grid projects.
Elsewedy Electric, founded in 1938 by the El-Sewedy family, is a leading manufacturer of electrical equipment in the Middle East and North Africa region.
The El-Sewedy family, led by Chairman and CEO Ahmed El-Sewedy, owns a controlling 68.1 percent ownership in Elsewedy Electric, valued at more than $1.2 billion, with a total holding of 1,478,358,330 ordinary shares.
Under El-Sewedy’s leadership, the company has grown into a regional and global provider of energy, digital, and infrastructural services. Elsewedy Electric has total assets of $3.6 billion and operations in 15 countries.
Elsewedy Cables Qatar, a 73.4 percent subsidiary of Senyar Industries Qatar Holding W.L.L., is mainly owned by Elsewedy Electric (50 percent share).
Elsewedy Cables Qatar recently signed a contract with Kahramaa, which follows another big EPC win. Technip Energies awarded the organization a contract for a major project related to Qatar’s North Field South (NFS) Onshore Project.
The NFS project entails establishing a power supply for the project facilities. Elsewedy Cables Qatar’s scope includes the design, engineering, procurement, and installation of two 400kV cables that connect the RLF-S substation to the new 220kV INTAKE SS-36500 substation.
In May 2024, Elsewedy Electric signed a partnership deal with Switzerland’s Bühler Group and IBC Group to modernize and develop grain storage facilities in Egypt.
This effort supports the Egyptian government’s food security objective of localizing grain silo manufacture. The project aims to improve food security, support long-term growth in the agriculture sector, and reduce post-harvest losses in the country.