ELSEWEDY ELECTRIC's subsidiary signs LE423.3M contract with Al-Mostakbal Urban Development

CAIRO – 17 June 2020: ELSEWEDY ELECTRIC announced Wednesday that its subsidiary ELSEWEDY ELECTRIC for Trading & Distribution has signed a new EPC Contract with Al-Mostakbal Urban Development Company at a value of LE 423.3 million.

The company clarified in a statement that the contract aims at the construction of the electricity and telecommunications infrastructure for phase three on turnkey basis.

“The EPC contract will be implemented over a 22 months period,” it added.

In September 2017, ELSEWEDY ELECTRIC for Trading & Distribution has announced signing a contract with Al-Mostakbal Urban Development Company worth LE 620 million for the construction of the electricity and telecommunications infrastructure - phase one on turnkey basis.

In May 2020, ELSEWEDY ELECTRIC for Trading & Distribution signed a new contract to build electrical network to electrify a 50,000 feddans in East Owainat with a value of LE 475 million on turnkey basis.

ELSEWEDY ELECTRIC's subsidiary signs LE475M contract to electrify East Owainat

CAIRO - 21 May 2020: ELSEWEDY ELECTRIC announced Tuesday that its subsidiary, ELSEWEDY ELECTRIC for Trading & Distribution has signed a new contract to build electrical network to electrify a 50,000 feddans in East Owainat with a value of LE 475 million on turnkey basis The company clarified that the contract will be implemented over an eight- month period.

Elsewedy Electric operates within the capital goods sector focusing on electrical components and equipment. It has subsidiaries operating across Northern Africa, Eastern Africa, Middle East and Southern Europe.