Elsewedy Electric Growth achieved significant growth across all business segments in 2025. Wires and cables, along with engineering and construction divisions, led the performance. This success reflects the Group’s strategy to diversify revenue streams across sectors and countries, supporting sustainable expansion and strengthening its international presence.
Ahmed Shokry, Group Chief Financial Officer, said all segments grew during 2025. The wires and cables segment and engineering and construction drove the results. The construction division recorded approximately 25% growth.
Shokry emphasized that the diversification strategy boosted sales, even though competition and market expansion slightly pressured profit margins.
In an interview with Al Arabiya Business, Shokry explained that competition in Egypt and margin pressures in Saudi Arabia affected profits. Entering new markets usually requires lower initial margins to build a strong, lasting presence.
He added that the Group’s normal profitability ranges between 14% and 15% under typical conditions. Recent years, however, delivered exceptional results compared to historical performance.
Since 2023, Elsewedy Electric focused on increasing international revenues. Currently, 70% of total revenue comes from abroad, compared to 30% from Egypt. Gulf markets contribute 35% to 40%, while Algeria and the UK show growing positive contributions.
The Group is also entering new markets such as Indonesia. This expansion strengthens its presence in Asia and the Americas, complementing its established footprint in the Middle East, Africa, and Europe.
Shokry confirmed that 70% of revenues are in foreign currencies, reflecting the Group’s global operations. He noted that Saudi Arabia remains a key growth driver. The Group invested over USD 300 million in the past two years to expand facilities and set up new manufacturing capacities.
Currently, the Group executes projects in Saudi Arabia valued at around USD 3 billion. These projects cover power generation and transmission across multiple regions. The Saudi market remains strategically vital for the Group’s future growth.
Elsewedy Electric’s total project backlog now stands at approximately USD 6.5 billion, exceeding previous years’ typical levels.
Regarding global developments, Shokry said geopolitical tensions have not yet disrupted project execution. Supply chains faced challenges, especially in shipping costs and delivery times. The Group monitors these closely to ensure smooth project delivery.
The Group also follows developments on the Ras El Hekma project in Egypt. As tenders emerge, Elsewedy Electric participates in relevant material supply bids. Execution is expected to start soon.
