4. Elsewedy Electric

Sector: Industrials
Group president and CEO: Ahmed Elsewedy
Market Value: $1.2 billion
Sales: $3 billion
Profits: $186 million
Assets: $3.7 billion

Elsewedy Electric operates in key business lines, inlcuding wires and cables, electrical products, turnkey projects, meters, transformers, and renewables. With 31 production facilities in 15 countries, it exports to over 110 countries worldwide. In April 2023, Elsewedy Electric collaborated with Urbacon Trading and Contracting Company to build the Zliten power plant in Libya, at a value of $870 million. In January 2023, Elsewedy Cables Qatar announced that it will establish a new underground extra high voltage cables for Qatar General Electricity & Water Corporation “Kahramaa” with a project value exceeding $328 million. The Elsewedy Family owns 68.1% of the company.