Elsewedy Electric Signs $2.5B Investment Deal with Algeria’s AAPI
The Egyptian energy giant has inked a historic deal with the Algerian Investment Promotion Agency to boost industrial projects and sustainable growth.
Elsewedy Electric has signed an investment agreement valued at $2.5 billion with the Algerian Investment Promotion Agency (AAPI) that is set to support a series of industrial projects while promoting sustainable development and facilitating technology transfer between the two sides. The partnership, which was signed on the sidelines of the fourth edition of the Intra-African Trade Fair (IATF 2025) aims to broaden the investment base and ensure mutual benefit, reinforcing economic ties between Egypt and Algeria. Elsewedy Electric, listed on the Egyptian Exchange, is a major provider of integrated energy and infrastructure solutions with operations spanning Africa and the Middle East.
