THE MIDDLE EAST’S

79. Elsewedy Electric⏎
Country: Egypt
Sector: Industrials
Group President & CEO: Ahmed Elsewedy
Market Value: $3.5 billion
Sales: $4.5 billion
Profits: $369 million
Assets: $4.9 billion
Elsewedy Electric's key business lines include wires and cables, electrical products, engineering and construction, digital solutions, and infrastructure investments, with 22,000 people working across 31 production facilities. In May 2024, Elsewedy Electric Power System Projects, in a joint venture with partners, secured a contract from the National Authority of Tunnels under the Ministry of Transportation to build Egypt's High-Speed Rail (Green Line) project. In May 2025, it acquired a 60% stake in Thomassen Service to expand into gas turbine services. In July 2024, Abu Dhabi-based Electra Investment Holding acquired approximately 20% stake in Elsewedy Electric for $449 million.