Cairo, Egypt, 19 January 2025 – ELSEWEDY ELECTRIC, a leading provider of integrated energy, infrastructure, and digital solutions, has signed a significant partnership with IL Cazar for Urban Development, a prominent real estate developer in Egypt. Under this partnership, ELSEWEDY ELECTRIC will provide a range of high-quality energy products and sustainable services to improve the infrastructure of IL Cazar's projects.
ELSEWEDY ELECTRIC will supply top-tier products, including cables, transformers, busway systems— the most effective way of transmission and distribution of electrical energy that ensures reliable performance—and meters, to support IL Cazar’s construction and development of upcoming real estate projects, including Safia, The Crest, Aian, The Vill, Creek, Plus, and Glen.
Commenting on the partnership, Eng. Ahmed Elsewedy, CEO and President of ELSEWEDY ELECTRIC, said: "We are excited to collaborate with IL Cazar for Urban Development on these ground-breaking real estate projects."
Eng. Ahmed Elsewedy: This partnership highlights our ongoing commitment to supporting the growth of Egypt’s real estate sector
"This partnership highlights our ongoing commitment to supporting the growth of Egypt’s real estate sector with advanced energy solutions that will add value to these high-end projects," Elsewedy added. "By leveraging our expertise, we aim to set new industry standards through this collaboration."
Moreover, ELSEWEDY ELECTRIC will offer services such as Electric Vehicle (EV) charging stations under its PLUG brand leader in the EV charging market—along with utility management and engineering, procurement, and construction (EPC) services.
The signing ceremony, which was held at ELSEWEDY ELECTRIC’s headquarters in the Commercial and Financial Centre, marked the commencement of a major collaboration. The event was attended by prominent figures, including Ahmed Elsewedy, CEO and President of ELSEWEDY ELECTRIC, and Nader Khozam, Chairman and CEO of IL Cazar.
Nader Khozam: This strategic collaboration with ELSEWEDY ELECTRIC will ensure that our projects are equipped with a state-of-the-art energy infrastructure
Nader Khozam, Chairman of the Board and CEO of IL Cazar, expressed his enthusiasm about the partnership, highlighting its potential to drive innovation.
"This deal is handled through our Real Estate segment, along with other segments that Elsewedy supports, including Hospitality, Transportation, Industrial & Mining, Water, Wastewater, Irrigation, Healthcare, and Renewable Energy," Khozam added.
This agreement represents another milestone in ELSEWEDY ELECTRIC's ongoing contributions to the real estate sector, further demonstrating the company’s devotion to increasing the value of these premium developments.
ELSEWEDY ELECTRIC (EGX: SWDY.CA) is a leader in integrated energy, infrastructure & digital solutions, focused on delivering turnkey projects on fast-track basis. For 85 years, ELSEWEDY ELECTRIC has been committed to providing reliable energy solutions, hence creating smarter and more livable cities. As the pioneer in energy and infrastructure solutions in Africa, Middle East & Asia, the company operates in 5 business lines: wires & cables, electrical products, engineering & construction, infrastructure investments, & digital solutions. Headquartered in Egypt, ELSEWEDY ELECTRIC announced revenues of EGP 92.168 million with net income of EGP 5.8 billion in December 2022, with a capacity of 18,000 employees, 48 international offices, 31 production facilities, with export capacity to over 110 countries worldwide. News about ELSEWEDY ELECTRIC is available on https://www.elsewedyelectric.com/en/home/