The Engineering & Construction (E&C) Sector of Elsewedy Electric held the 66th position on Engineering News-Record’s (ENR) 2026 Top 250 International Contractors list and 159th on its Top 250 Global Contractors list for the first time

The joint venture (JV) between Egypt-based power contractor Elsewedy Electric PSP and China-based engineering firm Sinohydro has signed an engineering, procurement, and construction (EPC) contract for the 2.3-gigawatt Rabigh 2 Independent Power Plant (IPP) Expansion Project in Saudi Arabia.

Elsewedy Electric has opened a new subsidiary office in China as the energy and infrastructure solutions provider seeks to expand local procurement, pursue joint projects, and deepen its technical cooperation in the country.

Vodafone Business, Elsewedy Electric, and Cassava Technologies signed a joint agreement to establish Africa Data Centers Egypt project to support the country’s digital economy and scale its data center infrastructure

By linking energy security with trade, workforce development, and long-term value chain participation, Cairo is positioning itself as a continental partner.

The Egyptian consortium of Arab Contractors and Elsewedy Electric on August 22 marked the official opening of the Julius Nyerere Hydroelectric Power Project on Tanzania’s Rufiji River, a $2.9 billion project implemented for Tanzania Electric Supply Company (TANESCO).

The consolidated net profits attributable to the parent of Elsewedy Electric grew by 14.11% year-on-year (YoY) to EGP 9.921 billion in the first half (H1) of 2026, versus EGP 8.694 billion.

Elsewedy Electric (SWDY) has submitted documents to the Egyptian Exchange (EGX) to list its EGP 1.42 million issued and paid-in capital cut.

Seven Egyptian investors have signed memoranda of understanding (MoUs) to allocate industrial land for building factories producing strategic products at Elsewedy Industrial City in Tanzania.

Elsewedy Electric confirmed that it still studying plans to establish a factory for producing electrical wiring harnesses

Egypt's Cabinet approved proceeding with contracting procedures with Elsewedy Electric to establish a manufacturing project for all types of electrical wiring harnesses and their components on a 22.6-feddan plot in the Manshaat Kamal area of Fayoum Governorate.

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric Group, to review the final implementation plans for the phosphate industries complex in Ain Sokhna, describing the project as a key step toward expanding value-added mining industries in Egypt.

Elsewedy Electric has expanded its power generation portfolio with the launch of a new range of generators in the Egyptian market, targeting the needs of industrial, commercial, and infrastructure projects across the country.

Elsewedy Electric has launched three strategic industrial projects in Egypt, with an expected total investment exceeding $200 million.

Rowad Modern Engineering, a subsidiary of Elsewedy Electric’s (SWDY), has signed, as part of an Alstom-led consortium, an agreement with the Egyptian National Railways to execute a series of railway and logistics infrastructure projects across Egypt.

Elsewedy Electric’s (SWDY) extraordinary general meeting (EGM) has agreed to cut the company’s issued shares by writing off the employee stock ownership plan (ESOP).

Elsewedy Electric (SWDY) announced a cash dividend distribution of EGP 1.850 per share for 2025.

Elsewedy Electric (SWDY) reported a 16.86% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2026.

Minister of Electricity and Renewable Energy Mahmoud Esmat met with Elsewedy Electric (SWDY) Chairman Ahmed Elsewedy and company representatives to review the progress of electricity generation and transmission projects, while exploring expanded cooperation in distribution, energy efficiency, and loss reduction.

Elsewedy Electric (SWDY) reported a 0.75% year-on-year (YoY) decrease in consolidated net profits attributable to the parent company in 2025 to EGP 17.330 billion, compared to EGP 17.464 billion.