President of The Republic of Tanzania Samia Suluhu Hassan inaugurated Elsewedy Industrial Complex of Elsewedy Electric East Africa LTD in Tanzania, establishing a new regional manufacturing and export hub for wires & cables, transformers, metres, and insulators in a new milestone for the co-operation between Egypt and Tanzania.
The inauguration ceremony was attended by senior government officials from both Egypt and Tanzania. From the Egyptian side, the investment delegation was spearheaded by Asem El-Gazzar, Egypt’s Minister of Housing and Urban Utilities, the Ambassador of Egypt in Tanzania, Mohamed Jaber Abu El Wafaa, and the CEO of the General Authority for Investment and Free Zones (GAFI), Mohamed Abdelwahab, as well as 50 Egyptian businessmen and investors. President of The Republic of Tanzania Samia Suluhu Hassan cut the ribbon at the opening ceremony, which highlighted a new landmark in the expansion plans in Africa for Elsewedy Electric, the leading Wires & Cables and Integrated Energy Solution Provider in the Middle East and Africa.
Elsewedy Electric President and CEO Ahmed El Sewedy welcomed the honourable guests and delivered a speech on behalf of the company. “Elsewedy Electric has embarked on a mission to expand in Africa 20 years ago. Over this time, Tanzania has remained one important priority in our strategy, which materialized in 2018. Tanzania’s favourable investment climate and its government’s support to industries enable Elsewedy Electric to use the new complex as a manufacturing and export hub at the heart of east and south Africa. Tanzania is suitably located bordering eight countries, six of which are nearly or completely land-locked, which makes Tanzania well-positioned to become a regional economic and transit hub,” said Ahmed El Sewedy, President and CEO of Elsewedy Electric S.A.E.
Built on 120,100 square metres with investments of USD 35 mn, the complex comprises several manufacturing facilities, from cables & wires, transformers, through PVC, and metres, to a logistic centre built centre on a 4,800 square metres area. The complex will produce the solutions and equipment necessary for the industrialisation strategy of Tanzania 2025 and will create over 500 jobs for talented youth and technical engineers in the first phase alone.
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