{"id":618134,"date":"2024-04-03T00:00:00","date_gmt":"2024-04-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/03\/elsewedy-to-break-ground-on-its-new-october-industrial-park-within-weeks-ramp-up-gulf-expansions\/"},"modified":"2024-04-03T00:00:00","modified_gmt":"2024-04-03T00:00:00","slug":"elsewedy-to-break-ground-on-its-new-october-industrial-park-within-weeks-ramp-up-gulf-expansions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/03\/elsewedy-to-break-ground-on-its-new-october-industrial-park-within-weeks-ramp-up-gulf-expansions\/","title":{"rendered":"Elsewedy to break ground on its New October industrial park within weeks + ramp up Gulf expansions"},"content":{"rendered":"

Els<\/strong>ewedy<\/strong> inches closer to building its industrial park in New October: <\/strong>Elsewedy Industrial Development is expected to break ground on its industrial zone \u2014 dubbed Industria October \u2014 in New 6 October City upon receiving a 2.5 mn-sqm plot from the New Urban Communities Authority within two to three weeks, Elsewedy Electric CEO Ahmed El Sewedy said during an event attended by Enterprise. <\/p>\n

ICYMI- <\/strong>The company said in January<\/a>2023<\/a> it was in talks with the government to build a 5-mn-sqm industrial zone in a bid to attract EGP 20 bn-worth of investments, create 150k jobs, and add EGP 5 bn to the country\u2019s annual GDP once complete. The zone will be located near the 6 October dry port and linked by railway to Alexandria port. <\/p>\n

Expansion overseas:<\/strong> The company is looking to expand its footprint across the Gulf, namely in Saudi Arabia and Qatar, where there is high demand for infrastructure projects, El Sewedy said. Elsewedy Electric plans to wrap up its expansion of its Saudi factory by late 2024. The company also wants to step into Latin America this year, with a focus on infrastructure, electricity, renewable energy, and gas sectors.<\/p>\n

On the local front:<\/strong> Elsewedy Electric plans to set up more factories in Egypt, especially cables and power transformers facilities.<\/p>\n

Disruptions due to Red Sea attacks <\/strong>are constraining the company\u2019s cable and power transformers imports, affecting shipping costs and delaying delivery dates, El Sewedy said. <\/p>\n

ALSO- Tanzanian dam will be inaugurated this month: <\/strong>El Sewedy said that Tanzanian and Egyptian officials will inaugurate Tanzania's Julius Nyerere Dam \u2014 a joint project between El Sewedy Electric and the Arab Contractors \u2014 on 21 April.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s upgrades to its Saudi factory are scheduled to wrap up by late 2024<\/p>\n","protected":false},"author":1,"featured_media":618135,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[152,72,7111,3162,131,296,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-elsewedy-electric","tag-enterpriseam","tag-infrastructure","tag-latin-america","tag-manufacturing","tag-qatar","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"00133e96-15ed-410f-ae04-7ad9a63f212b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/267.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy to break ground on its new industrial park in New October within weeks, Gulf expansions are on the table","related_issue":[618127],"teaser":"The company\u2019s upgrades to its Saudi factory are scheduled to wrap up by late 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.c5b4621d-83a7-49e4-a94e-cd949163345d.mp3"},"yoast_head":"\nElsewedy to break ground on its New October industrial park within weeks + ramp up Gulf expansions - 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The three-phase\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553527,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/elsewedy-electric-unveils-industrial-complex-in-tanzania\/","url_meta":{"origin":618134,"position":1},"title":"Elsewedy Electric unveils industrial complex in Tanzania","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"Elsewedy Electric inaugurates Tanzania industrial park: Elsewedy Electric opened a USD 35 mn electric cable factory in Tanzania yesterday, the company announced in abourse filing (pdf), marking the start of the first phase of its Kigamboni industrial complex. Located near the country\u2019s capital, the first phase of the park will\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604931,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/elsewedy-concludes-studies-for-2-mn-sqm-industrial-zone-in-egypts-new-alamein\/","url_meta":{"origin":618134,"position":2},"title":"Elsewedy concludes studies for 2 mn sqm industrial zone in Egypt\u2019s New Alamein","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"Elsewedy Electric\u2019s industrial development arm has completed its financial and technical feasibility study for 2 mn sqm of industrial land it is developing in New Alamein, CEO Mohamed El Kammah tells Al Mal. El Kammah gave no further details.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":611305,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/05\/lots-of-news-from-elsewedy-electric\/","url_meta":{"origin":618134,"position":3},"title":"Lots of news from Elsewedy Electric","author":"enterpriseam admin","date":"5 December 2023","format":false,"excerpt":"We\u2019re getting a USD 50 mn fertilizer complex from the UAE\u2019s Sharkia Group","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577172,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/13\/the-first-german-green-logistics-hub-in-sokhna-360\/","url_meta":{"origin":618134,"position":4},"title":"The first German green logistics hub in Sokhna 360","author":"enterpriseam admin","date":"13 November 2022","format":false,"excerpt":"Elsewedy Industrial Development inked an MoU with German chemical producer BASF to build a green logistics hub in Elsewedy\u2019s Sokhna 360 industrial city, the companies said in a joint statement (pdf) Thursday.Sokhna 360? 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