Elsewedy Electric, a leading cable and electrical equipment manufacturer led by Egyptian businessman Ahmed El-Sewedy, has secured a QAR1 billion 274.7 million contract with Qatar General Electricity Water Corporation Kahramaa through its Qatari subsidiary, Elsewedy Cables Qatar.
The three-year deal involves engineering, procurement, and construction EPC services for the Qatar Power Transmission System Expansion project. Elsewedy Cables Qatar will supply and install 132-kilovolt kV power cables for strategic projects within the grid.
El-Sewedy Electric A family-owned powerhouse in MENAFounded in 1938 by the El-Sewedy family, Elsewedy Electric is a major player in the Middle East and North Africa's electrical equipment manufacturing sector.
The El-Sewedy family, led by Chairman and CEO Ahmed El-Sewedy, maintains a controlling 68.1 percent stake in Elsewedy Electric, valued at over 1.2 billion, through their combined holdings of 1,478,358,330 ordinary shares.
