Home » Egyptian billionaire Ahmed El-Sewedy’s firm chosen for Qatar cable project

Egyptian billionaire Ahmed El-Sewedy’s firm chosen for Qatar cable project

Egyptian billionaire Ahmed El-Sewedy’s group clinches Qatar cable project contract

by Yusuf Abdulfatai
Ahmed El-Sewedy

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

In a press release issued by Elsewedy Electric, led by Ahmed El-Sewedy and his siblings Sadek and Mohammed, the company outlined the scope of the contract. The project entails the establishment of electricity supply to NFS project facilities, involving the design, engineering, procurement, and installation of two 400kV cables between the RLF-S substation and the new 220kV INTAKE SS-36500 substation, equipped with 400/230 kV power transformers.

Elsewedy Cables Qatar’s Ahmed Fathy on powering Qatar’s LNG growth

Ahmed Fathy Elsewedy, managing director of Elsewedy Cables Qatar, expressed his satisfaction at being selected for such a critical project. He emphasized Elsewedy Cables Qatar’s commitment to Qatar’s infrastructure development, citing the company’s track record of delivering high-quality products and expertise.

The 400kV power import lines will serve two mega trains, each capable of processing 8 million tonnes per annum (mtpa) of liquefied natural gas. This expansion initiative aims to generate approximately 16 mtpa of additional LNG, elevating Qatar’s total production from 110 to 126 mtpa.

Elsewedy Electric’s expansion: A $400-million investment in Tanzania

Elsewedy Electric, established in 1938 by the El-Sewedy family, has played a pivotal role in the electrical equipment manufacturing sector, notably across the Middle East and North Africa. With a commanding 68.1-percent stake, jointly held by Ahmed El-Sewedy and his siblings, Sadek and Mohammed, totaling 1,478,358,330 ordinary shares, the family’s collective stake in Elsewedy Electric is valued at over $1.2 billion.

Earlier this year, Elsewedy Electric inaugurated the Elsewedy Industrial City (EIC) in the Kibaha District of Tanzania. Spanning an extensive 2.6 million square meters, EIC marks East Africa’s inaugural fully integrated industrial hub, strategically positioned just 15 kilometers from the Kwala Dry Port, connected by the Standard Gauge Railway (SGR).

The industrial city, projected to attract investments worth $400 million, embodies a diversified approach, incorporating key sectors such as building materials, engineering, food and beverages, and pharmaceuticals. It symbolizes not only economic collaboration but also a commitment to mutual prosperity between Egypt and Tanzania.

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