Elsewedy Electric to invest $2.5 billion in Algeria

Elsewedy Electric signed a framework agreement with the Algerian Investment Promotion Agency to invest $2.5 billion in new factories for cables, transformers, and renewable-energy equipment in Algeria.

“Elsewedy Electric, led by Egypt’s El-Sewedy family, will invest $2.5 billion in Algeria to build new factories and expand renewable energy capacity.”billionaires.africa

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• billionaires.africaElsewedy Electric commits $2.5 billion to AlgeriaMfonobong NseheSep 9, 2025

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