Egyptian Billionaire Ahmed El-Sewedy’s Company Selected for Qatar Cable Project

Elsewedy Cables Qatar, a subsidiary of Elsewedy Electric, a multinational cable and electrical equipment manufacturing conglomerate led by Egyptian billionaire Ahmed El-Sewedy, has secured a significant Engineering, Procurement, and Construction (EPC) contract from Technip Energies for a critical project related to Qatar’s North Field South (NFS) Onshore Project.

Elsewedy Electric, led by Ahmed El-Sewedy and his siblings Sadek and Mohammed, released a press release outlining the contract’s scope. The project comprises establishing energy supply to NFS project facilities through the design, engineering, procurement, and construction of two 400kV cables between the RLF-S substation and the new 220kV INTAKE SS-36500 substation, which is equipped with 400/230 kV power transformers.

Ahmed Fathy Elsewedy, managing director of Elsewedy Cables Qatar, expressed his pleasure at being chosen for such an important project. He underscored Elsewedy Cables Qatar’s commitment to Qatar’s infrastructure development, emphasizing the company’s history of providing high-quality goods and expertise.

The 400kV power import lines will power two mega trains, each capable of processing 8 million tonnes of liquefied natural gas per year (MTPA). This development plan seeks to generate roughly 16 mtpa of extra LNG, increasing Qatar’s total production from 110 to 126 mtpa.

Elsewedy Electric, founded in 1938 by the El-Sewedy family, has been a key player in the electrical equipment manufacturing business, particularly in the Middle East and North Africa. Ahmed El-Sewedy and his siblings, Sadek and Mohammed, own a dominant 68.1 percent ownership in Elsewedy Electric, totaling 1,478,358,330 ordinary shares. The family’s cumulative investment is valued at more than $1.2 billion.

This year, Elsewedy Electric opened the Elsewedy Industrial City (EIC) in Tanzania’s Kibaha district. EIC, spanning 2.6 million square meters, is East Africa’s first fully integrated industrial hub, located just 15 kilometers from the Kwala Dry Port and connected by the Standard Gauge Railway (SGR).

The industrial city, which is expected to attract $400 million in investments, represents a diverse approach that includes vital sectors such as construction materials, engineering, food and drinks, and medicines. It represents Egypt and Tanzania’s dedication to mutual prosperity, as well as economic collaboration.

Written by PH

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