Elsewedy Electric is investing over $200 million in recycling, copper, and aluminium manufacturing projects in Egypt, creating 1,300+ jobs and boosting export capacity.
Elsewedy Electric is investing more than USD 200 million in three new industrial projects in Egypt as the company expands its manufacturing footprint and strengthens the country’s position as a regional production and export hub.
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The projects, which include a copper recycling complex, a copper tube manufacturing facility, and an aluminium rod production line, are expected to become operational in the first quarter of 2028. Together, they are projected to create more than 300 direct jobs and approximately 1,000 indirect employment opportunities.
The investment comes as Egypt continues to attract industrial projects aimed at increasing local value addition, reducing import dependence, and expanding export-oriented manufacturing across strategic sectors.
“Through these investments, we aim to enhance value creation within the Egyptian market, develop more efficient and sustainable supply chains, deepen local manufacturing, reduce reliance on imports and support exports, while reinforcing Egypt’s position as a manufacturing and export hub serving regional and global markets,” said Ahmed Elsewedy, President and CEO of Elsewedy Electric.
The largest project is an advanced copper scrap and electronic waste recycling complex backed by approximately USD 80 million in investment.
The facility will process up to 20,000 tonnes of copper scrap and printed circuit boards annually during its first phase, creating more than 120 direct jobs. Using advanced recycling technologies, the plant will convert copper scrap and e-waste into high-purity copper cathodes and precious metals.
The project is designed with future expansion capacity and forms part of Elsewedy Electric’s broader circular economy strategy by supplying recycled copper cathodes to its downstream manufacturing operations.
Elsewedy Electric is also investing USD 65 million in a copper tube manufacturing plant with an annual production capacity of 15,000 tonnes. The facility will serve manufacturers in the air conditioning, HVAC, refrigeration, and home appliance sectors and is expected to create more than 100 direct jobs in its first phase.
Initially focused on serving domestic demand, the plant is expected to reduce reliance on imported components while supporting Egypt’s growing industrial sector. The third project involves a USD 55 million investment in an aluminium rod manufacturing facility with an annual production capacity of 50,000 tonnes.
Leveraging Elsewedy Electric’s manufacturing expertise in Egypt and Saudi Arabia, the facility will be dedicated entirely to export markets and is expected to generate more than 100 direct jobs.
The project is aimed at strengthening Egypt’s industrial exports and expanding its presence in international metals and manufacturing supply chains.
The investment reflects Egypt’s broader push to expand higher-value manufacturing and deepen integration into global supply chains.
The recycling component is particularly significant as demand for copper continues to rise globally, driven by renewable energy projects, electric vehicles, grid modernization, and electrification initiatives. Access to recycled copper is becoming increasingly important for manufacturers seeking supply chain resilience and sustainability.
The projects are also expected to create opportunities for suppliers, logistics providers, contractors, and export-focused businesses operating across Egypt’s industrial ecosystem.
Once operational, the three facilities will add new capabilities in recycling, metals processing, and export-oriented manufacturing, sectors that are increasingly critical to global industrial growth.
For Egypt, the investment represents another step toward building a more diversified industrial base, increasing export capacity, and strengthening its role as a manufacturing gateway connecting Africa, the Middle East, and Europe.
Why Elsewedy Electric Investment Matters to MENA
The investment highlights Egypt’s growing role as a regional manufacturing hub serving Africa, the Middle East, and Europe. By expanding local production of critical industrial materials, the projects strengthen supply chains, support exports, and reduce reliance on imports.
The move also reflects a broader regional focus on industrialization, resource efficiency, and value-added manufacturing as MENA economies seek to diversify growth and capture opportunities linked to global demand for metals, electrification, and renewable energy infrastructure.
