# 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.

- Type: Investment
- Announced: 2025-09-09
- Where: Algeria, Algeria
- Value: $2.50B
- Status: announced
- Products: cables, transformers, renewable-energy equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elsewedy Electric](https://endata.com/companies/15852.md)
- [Algerian Investment Promotion Agency](https://endata.com/companies/87189.md) (partner)

## Sources

- [billionaires.africa](https://www.billionaires.africa/2025/09/09/elsewedy-electric-2-5-billion-algeria-expansion/), 2025-09-09: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.