Elsewedy Electric ramps up Saudi expansion with a $3B project pipeline and $300M investment, strengthening its role in energy and infrastructure.
Elsewedy Electric is accelerating its expansion in Saudi Arabia, positioning the Kingdom as a key driver of its regional growth strategy as its project pipeline approaches $3 billion.
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The Egypt-based energy and infrastructure company reported strong performance across all business segments in 2025, with its cables and wires division leading growth.
Saudi Arabia has emerged as a central pillar of this expansion. Over the past two years, Elsewedy Electric has invested more than $300 million in the Kingdom to expand existing facilities and establish new production lines for cables, transformers, and electrical components.
The company is currently executing projects worth nearly $3 billion across Saudi Arabia, spanning both eastern and western regions. These projects include power generation plants and electricity transmission networks, strengthening Elsewedy’s role in the Kingdom’s energy and infrastructure development.
Shoukry noted that entering new markets often involves accepting lower margins in the short term to secure long-term market share and establish a strong operational presence.
Elsewedy Electric’s total project backlog has now reached approximately $6.5 billion, exceeding its typical range of $5 billion to $5.5 billion, reflecting sustained demand across its markets.
Alongside its regional expansion, the company continues to play a role in major domestic projects in Egypt, including the Ras El Hekma development, maintaining a balance between local and international growth.
Why Elsewedy Electric Expansion Matters to MENA
Elsewedy Electric’s expansion underscores Saudi Arabia’s growing importance as a regional hub for large-scale energy and infrastructure projects, driven by ambitious national development plans.
For regional players, the Kingdom offers long-term contract opportunities in power generation, grid infrastructure, and industrial development, making it a strategic destination for companies seeking scale.
More broadly, the company’s rising international revenue share reflects a wider trend among MENA firms: shifting from domestic markets to regional and global expansion to capture larger infrastructure investments and diversify revenue streams.
