Egyptian conglomerate El Sewedy Electric, led by tycoon Ahmed El-Sewedy, is venturing into the education sector through its subsidiary, Elsewedy ED Tech.
The ed tech firm has announced a strategic partnership with Amity University in Dubai to establish the El Sewedy University of Technology (SUT), an educational institution aimed at enhancing education quality and fostering a skilled local workforce.
The initiative reflects Elsewedy ED Tech’s commitment to supporting Egypt’s vision for advancing diverse industries by providing specialized programs with a focus on practical applications and engineering technologists.
With over 19 programs on offer, the university aims to equip students with the necessary skills and knowledge required for the Egyptian market.
El-Sewedy, chairman of Elsewedy ED Tech, emphasized the importance of technological education in keeping up with modern industries.
He stated: “El Sewedy University of Technology aspires to introduce new specializations that strengthen the competencies of young professionals, reducing the need for foreign expertise and enabling us to export skilled professionals to global markets.”
The university will follow a polytechnic framework, offering an integrated educational model that encourages collaboration with private sector partners across various industries.
The approach will provide students with a comprehensive educational experience encompassing both theoretical knowledge and practical skills, preparing them for successful careers.
Founded in 1938, Elsewedy Electric has been a key player in the electrical equipment manufacturing industry.
Under El-Sewedy’s leadership, the group’s ed-tech firm aims to establish universities that adopt innovative educational approaches to equip students with the necessary skills for the job market.
Elsewedy Electric’s exceptional financial performance in the first quarter of 2023 has solidified its position as a major player in the industry.
The company achieved a staggering 282 percent surge in profit, exceeding EGP2.9 billion ($94 million).
This remarkable growth can be attributed to outstanding performances across all operating units, reinforcing the conglomerate’s strong financial standing.