Elsewedy Electric
Rank #54 on Forbes Global 2000 — View on Forbes
Elsewedy Electric
Listed on the Egyptian Exchange, Elsewedy Electric specializes in integrated energy, infrastructure, and digital solutions in Africa, the Middle East, and Asia. It employs 18,000 people and has 48 international offices and 31 production facilities, with export capacity to over 110 countries worldwide as of the end of 2022. In February 2024, Elsewedy Electric for Electrical Products formed a partnership with Energy Vault, Wellhead Electric Company, Inc., and Electric Supply Company to power a large energy storage facility in the U.S. In the first nine months of 2023, the company recorded revenues of $3.5 billion, up 74% compared to 2022.