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Key Points
- The facility in 10th of Ramadan City will produce fiber optic and copper cables, with 50% of output designated for export.
- Covering 70,000 sqm, the factory boosts local industry, using nearly half local raw materials to enhance self-sufficiency and global competitiveness.
- Ahmed El-Sewedy’s stake, valued at $900 million, underscores the company’s commitment to industrial growth and international market expansion.
Elsewedy Electric, the multinational cable and electrical equipment manufacturer led by Egyptian businessman Ahmed El-Sewedy, has opened a new telecom cables factory in 10th of Ramadan City. The facility marks a major step in expanding Egypt’s telecom infrastructure and solidifying the country’s position as a regional manufacturing hub.
Built with an investment of EGP2 billion ($39.8 million), the factory will produce fiber optic and copper communication cables, along with other essential telecom components. Nearly half of the raw materials come from local suppliers, underscoring Elsewedy’s push to boost Egypt’s industrial base while meeting global demand.
Industry and Transport Minister Kamel Al-Wazir highlighted the factory’s importance in strengthening Egypt’s manufacturing sector. He noted that its certification by the National Accreditation Council will open doors for international exports, further enhancing the country’s role in the global telecom market.
Elsewedy boosts telecom manufacturing, exports
Elsewedy’s new factory is set to strengthen both local telecom production and exports. Covering 70,000 square meters, the facility has the capacity to produce 4 million kilometers of fiber optic cables and 200,000 kilometers of copper cables each year. Half of this output is designated for export, reinforcing the company’s push into international markets.
“This launch marks a significant step in Egypt’s industrial growth and our efforts to expand globally,” said Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport. “We are committed to driving economic progress through local manufacturing and innovation.”
El-Sewedy family powers Egypt’s growth
Founded in 1938, Elsewedy Electric has been a key player in Egypt’s electrical manufacturing industry, with a strong footprint across the Middle East and North Africa. The El-Sewedy family owns 68.1 percent of the company, with CEO Ahmed El-Sewedy holding a 25.52 percent stake—an investment worth nearly $900 million that underscores his deep commitment to the company’s success.
The launch of the telecom cables factory strengthens Elsewedy’s presence in the global market. By focusing on innovation, self-sufficiency, and industrial competitiveness, the company is not only driving Egypt’s manufacturing sector forward but also reinforcing its role as a leader in the region’s telecom industry. With a strategy that integrates local production with global distribution, Elsewedy is positioning itself to support domestic infrastructure while expanding its exports.
