{"id":85001,"date":"2025-03-10T00:00:00","date_gmt":"2025-03-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/elsewedy-electric-is-setting-up-export-bound-subsea-cable-factory-in-egypt\/"},"modified":"2025-03-10T00:00:00","modified_gmt":"2025-03-10T00:00:00","slug":"elsewedy-electric-is-setting-up-export-bound-subsea-cable-factory-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/elsewedy-electric-is-setting-up-export-bound-subsea-cable-factory-in-egypt\/","title":{"rendered":"Elsewedy Electric is setting up export-bound subsea cable factory in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian firm Elsewedy Electric is investing <\/strong><strong>USD 500 mn <\/strong><strong>to build a subsea cable factory in <\/strong><strong>Dameitta Port\u2019s industrial zone<\/strong>, 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 \u2014 dubbed as the first of its kind in the region and only the sixth in the world \u2014 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>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 \u2014 3Q 2024. <\/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>It won\u2019t be Elsewedy\u2019s first zone: <\/strong>Elsewedy Industrial Development was 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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0edd277e-ea07-44b0-b668-df6b0f1362e8\" style=\"\" rel=\"noopener\">back in April 2024<\/a>. The zone is located near the 6 October dry port and linked by railway to Alexandria port. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** EnterpriseAM Egypt 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 the 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":85002,"comment_status":"","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":[45],"tags":[49,44,32,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-egypt","tag-investment-watch","tag-trade","tag-zones","wpautop","entry"],"acf":{"mongo_id":"320f45d0-66fd-4649-af03-4f92b9635766","order":"3","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 export-bound subsea cable factory in Egypt","related_issue":[84996],"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\/.0fde1b86-f1a6-42fa-8d37-19f5c9912077.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Elsewedy Electric is setting up export-bound subsea cable factory in Egypt - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/elsewedy-electric-is-setting-up-export-bound-subsea-cable-factory-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric 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