{"id":661959,"date":"2025-03-09T00:00:00","date_gmt":"2025-03-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/elsewedy-electric-is-setting-up-usd-500-mn-subsea-cable-factory-the-regions-first\/"},"modified":"2025-03-09T00:00:00","modified_gmt":"2025-03-09T00:00:00","slug":"elsewedy-electric-is-setting-up-usd-500-mn-subsea-cable-factory-the-regions-first","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/elsewedy-electric-is-setting-up-usd-500-mn-subsea-cable-factory-the-regions-first\/","title":{"rendered":"Elsewedy Electric is setting up USD 500 mn subsea cable factory \u2014 the region\u2019s first"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Elsewedy Electric will build a<\/strong><strong> USD 500 m<\/strong><strong>n subsea cable factory <\/strong>in the newly-announced zone in Dameitta Port, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/%D9%86%D8%A7%D8%A6%D8%A8-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D9%88%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%8A%D8%B4%D9%87%D8%AF-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7\/952857193678004\/\" style=\"\" rel=\"noopener\">statement<\/a>. The factory will be the first of its kind in the region and only the sixth in the world. The factory will span 500k sqm and include a 180 meter cable manufacturing tower. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exports are the name of the game: <\/strong>All of the factory\u2019s production will be earmarked for export. Elsewedy Electric\u2019s cable-focused arm Elsewedy Cables ships 70-80% of its production abroad, generating over USD 1 bn in export revenues annually, General Manager Amr El Sawaf recently told EnterpriseAM. Its products reach over 100 countries, with European nations being its biggest market, followed by those in North America, Asia, and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you didn\u2019t know already, wires and cables make up the lion\u2019s share of Elsewedy <\/strong><strong>Electric\u2019s revenues<\/strong>, with the segment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa996a41-aa20-49e9-8d76-7c2a4de8ea97\/elsewedy-electric,-fawry,-telecom-egypt,-rameda,-and-mm-group-report-3q-earnings\" style=\"\" rel=\"noopener\">making up 61% of its total revenues<\/a> during the last quarter results were available for. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What Dameitta Port zone? <\/strong>Elsewedy Electric and the Transport Ministry\u2019s Holding Company for Maritime and Land Transport signed an MoU to set up and operate a 6 mn sqm industrial and logistics zone that will be situated in the Dameitta Port. Under the agreement, the zone will be planned and built by Elsewedy Electric subsidiary Elsewedy Industrial Development in partnership with a newly-formed JV that will take over the management and operation of the zone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partners are already eyeing other industries to join the zone<\/strong>, including food manufacturing, automotive, and petrochemicals, which the statement says there is a demand for.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We recently sat down with El Sawaf<\/strong> to explore the company\u2019s journey, market leadership, and how it\u2019s navigating an increasingly competitive global industry. <strong>Check out our interview <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6e9abb0-772d-484f-a27b-2b080b1fc94a\/manufacturer-of-the-month:%253cmark%253e-elsewedy%253c%2Fmark%253e-cables\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The entirety of the factory\u2019s output will be exported<\/p>\n","protected":false},"author":1,"featured_media":661960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[152,8377,72,1642,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-elsewedy-electric","tag-elsewedy-industrial-development","tag-enterpriseam","tag-holding-company-for-maritime-and-land-transport","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"84324112-ad7b-4486-bd0e-e31fd8f970ea","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/580.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy Electric is setting up USD 500 mn subsea cable factory \u2014 the region\u2019s first","related_issue":[661954],"teaser":"The entirety of the factory\u2019s output will be exported","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.3885de13-41ea-4125-9bdd-ae577b275698.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The factory will cost some USD 10 mn to build and will come online in mid-July, Investor Relations Director Noha Agaiby Enterprise yesterday. Elsewedy says it will be one of the\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547016,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/","url_meta":{"origin":661959,"position":1},"title":"Elsewedy Electric targets USD 1.5 bn investment in African renewables","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal.Nothing is set in stone: Elsewedy cautioned that the group\u2019s future plans are still under consideration, adding that\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660102,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/elsewedy-electric-launches-the-largest-telecom-cables-factory-in-the-middle-east\/","url_meta":{"origin":661959,"position":2},"title":"Elsewedy Electric launches the largest telecom cables factory in the Middle East","author":"enterpriseam admin","date":"6 February 2025","format":false,"excerpt":"The factory will have a production capacity of 4 mn km of fiber-optic cables","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/546.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":661959,"position":3},"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 &quot;Investment Watch&quot;","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":611305,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/05\/lots-of-news-from-elsewedy-electric\/","url_meta":{"origin":661959,"position":4},"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 &quot;Investment Watch&quot;","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":549375,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/elsewedy-electric-opens-second-phase-of-industrial-complex-in-tanzania\/","url_meta":{"origin":661959,"position":5},"title":"Elsewedy Electric opens second phase of industrial complex in Tanzania","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"Elsewedy Electric opens second phase of Tanzania industrial park: Elsewedy Electric opened a transformer factory in Tanzania yesterday, the company said in a statement (pdf) to the EGX, marking the second phase launch of its USD 50 mn Kigamboni industrial complex. The factory has an annual production capacity of 2.5k\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=661959"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661959\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661960"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661959"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661959"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}