Elsewedy Electric to invest $200m in Egypt’s industrial sector

Egypt-based Elsewedy Electric plans to invest more than $200 million in three projects to build local industrial capabilities.

The new projects include an advanced copper scrap and e-waste recycling complex, a copper tube manufacturing facility, and an aluminium rod production line, the company said in a statement.

Operations and openings are scheduled for the first quarter of 2028. The projects are forecast to collectively generate more than 300 direct jobs and 1,000 indirect jobs.

Investments in the e-waste and copper recycling complex total $80 million, with first-phase processing capacity reaching up to 20,000 tonnes of copper scrap and printed circuit boards.

The copper tube manufacturing facility, the second project, will have an investment of $65 million and an annual production capacity of 15,000 tonnes.

The company will invest another $55 million in an aluminium rod production line with an annual production capacity of 50,000 tonnes.

Elsewedy Electric aims to deepen local manufacturing and reduce reliance on imports through these investments, president and CEO Ahmed Elsewedy said.

The New Cairo-based energy, infrastructure, and integrated industrial manufacturer operates in 60 countries and owns more than 34 industrial facilities. Its products are exported to more than 110 countries.

Elsewedy Electric announced in September that it plans to invest $2.5 billion in renewable energy and other projects in Algeria.

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