Tags : Ahmed Zedan

Deal & transactions Egypt Energy & Trading

Elsewedy Electric secures contracts valued at USD113 m in Toshka

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, has signed three contracts worth EGP 2.2 billion (approx USD 113.3 million) to establish transformer stations in the South Valley Development project which aims to reclaim 375,000 feddan in the Toshka area in Egypt.  The contracts shall be implemented within six months from the […]

Banking & Finance Egypt Energy & Trading

Elsewedy Electric secures USD150m investment for operations’ expansion

Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment, alongside First Abu Dhabi Bank and Europe Arab Bank as participants, will be used to support in the expansion, modernization, and enhancement […]