Elsewedy Electric’s subsidiary secures US$45m contract at South Valley Development Project

EGYPT – The Elsewedy Company for Trade and Distribution, a subsidiary of Elsewedy Electric, has secured a contract worth EGP 711 million (US$45.41m) for infrastructure works at the South Valley Development Project. In a disclosure to the Egyptian Exchange (EGX), Elsewedy Electric said that this project covers electrical infrastructure works for the first phase of the South Valley project under a turnkey system. The work is scheduled to be completed within three months from the date of signing. Earlier in February, ElSewedy Electric for Trading & Distributing, signed a new…

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