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Egyptian 'El Sewedy Electric' Plans to Launch New Investments in Algeria

May 19, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Egyptian 'El Sewedy Electric' Plans to Launch New Investments in Algeria

The Egyptian company 'El Sewedy Electric' announced on Tuesday that it plans to inject new investments in Algeria worth up to $1.3 billion, as part of its plans to expand its investments in the country into the housing, tourism, and agriculture sectors. These investments, according to what was reported by the specialized channel 'Al Sharq' from the general manager of 'El Sewedy Electric Algeria' Mustafa Awad Al-Halwani, will be added to the $3 billion that the company pledged under two agreements signed during the African intra-trade fair in September 2025. Watch the full content on Echourouk Online.

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