Latest news with #AhmedElsewedy
Zawya
02-07-2025
- Business
- Zawya
Egypt: Elsewedy, EMRA sign agreement to develop sebaia phosphate mines
Arab Finance: The Egyptian Mineral Resources Authority (EMRA) has signed a memorandum of understanding (MoU) with Elsewedy Capital to explore, extract, and process phosphate ore in the Sebaia mines in the Nile Valley region, as per a statement. The moU outlines cooperation in evaluating phosphate reserves in the Sebaia mines and allows Elsewedy Capital or its affiliates to enter negotiations on potential joint ventures for exploration and production. Minister of Petroleum and Mineral Resources Karim Badawi said the mining sector is one of the key components of the national economy, with government plans to raise its contribution to gross domestic product (GDP) from under 1% to 5–6% in the coming years. He noted that the agreement reflects cooperation between the state and the private sector to advance project execution and deliver economic benefits. Elsewedy Electric's CEO Ahmed Elsewedy said the partnership provides an opportunity for the group to expand into mineral resource activities. He added that the project is expected to support the development of industries that increase the economic value of phosphate. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
17-06-2025
- Business
- Zawya
Elsewedy Electric to expand investments in Egypt's mining, green energy
Arab Finance: Elsewedy Electric is planning to boost its investments in Egypt's mining, green energy, exploration services, and the petrochemical industry, the company's CEO Ahmed Elsewedy unveiled. During his meeting with Minister of Petroleum and Mineral Resources Karim Badawi, Elsewedy discussed strengthening cooperation in mineral resources, petroleum, petrochemicals, and green energy sectors. He also highlighted the group's plans to invest in mineral resources, including phosphate and kaolin, through establishing value-added processing industries. On his part, Badawi reviewed the six key pillars of the state's strategy, addressing the recent decision to transform the Egyptian Mineral Resources Authority (EMRA) into the Mineral Resources and Mining Industries Authority. This step aims to enhance the authority's efficiency in working with both the government and investors and attract domestic and foreign investment into the mining sector, while backing Egypt's position as a regional hub for mining industries. On June 12 th, President Abdel Fattah El-Sisi approved this transformation as part of the state's efforts to achieve a real breakthrough in the mining sector and maximize the added value of mineral resources. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Identity
15-05-2025
- Business
- Identity
Elsewedy University of Technology 'SUTech' Announces Winner of TechTank 2025 Competition After Strong Showdown Among Seven Teams
Cairo, May 2025 – Today, Elsewedy University of Technology (SUTech) – Polytechnic of Egypt hosted the final round of TechTank competition, where 7 teams presented their innovative projects to a panel of top industry experts. At the end of the event, the winning team was announced. The judging panel included prominent figures such as Eng. Ahmed Elsewedy, Chairman of the Board of Trustees at SUTech, Ms. Dina Ghabbour, Executive Director of the Ghabbour Foundation for Development, and Eng. Abdallah Sallam, Chairman and CEO of Madinet Masr. Commenting on the event, Eng. Ahmed ElSewedy, Chairman of the Board of Trustees of Elsewedy University of Technology (SU Tech)—Polytechnic of Egypt stated, 'Since the founding of SUTech, our goal has been to prepare students for the job market through hands-on, project-based learning. TechTank was created to discover and support talented students by helping them turn their ideas into real prototypes. Today, we're excited to award the Team Regen Power Project from Green City International School the prize of EGP 150,000 for their outstanding project in the field of Energy.'
Zawya
06-05-2025
- Business
- Zawya
Elsewedy Electric acquires majority stake in Thomassen Service to expand gas turbine operations
Egypt - Elsewedy Electric, a leading integrated energy and infrastructure solutions provider across Europe, the Middle East, and Africa, has acquired a 60% stake in Thomassen Service, including its Middle East and Africa business unit (TSME), filter manufacturing division, and its African affiliate. With over 30 years of experience in gas turbine operation, maintenance, and component repair, Thomassen Service brings highly specialized capabilities that align with Elsewedy Electric's strategy to deliver end-to-end, high-performance energy solutions. Renowned for its Dutch engineering roots, Thomassen Service has earned a strong reputation for precision, reliability, and innovation in the energy sector. Its expertise in maintaining and optimizing gas turbine performance has served a wide client base across the Middle East and Africa, making it a strategic addition to Elsewedy Electric's growing energy services portfolio. 'This acquisition is a key milestone in Elsewedy Electric's global expansion strategy,' the company stated. 'It strengthens our engineering and construction (E&C) offerings by integrating specialized gas turbine operations, maintenance, and field services.' Through the acquisition, Elsewedy Electric gains access to TSME's established operations in the UAE, Oman, and Nigeria—accelerating entry into high-growth markets, enhancing its presence in Europe, and broadening its footprint in Africa's rapidly evolving energy landscape. The deal also marks Elsewedy Electric's strategic entry into the oil and gas services sector, where Thomassen Service's expertise in component repair and field maintenance will enable the company to offer tailored solutions to industrial clients, petrochemical facilities, and energy-intensive manufacturers. As part of the Elsewedy Electric Group, Thomassen Service will benefit from increased financial backing, global EPC integration, and expanded market access—enabling it to scale its services across the power and oil & gas industries. Ahmed Elsewedy, CEO of Elsewedy Electric, commented: 'By integrating TSME's deep technical expertise and regional service experience with our E&C capabilities, we are now positioned to deliver even greater value to clients across Africa, the GCC, and Europe.' Peter Hertog, CEO of Thomassen Service, added: 'Joining Elsewedy Electric allows us to scale our capabilities and reach new markets. We're proud to become part of a group that shares our commitment to excellence, innovation, and customer service.'
Daily News Egypt
06-05-2025
- Business
- Daily News Egypt
Elsewedy Electric acquires majority stake in Thomassen Service to expand gas turbine operations
Elsewedy Electric, a leading integrated energy and infrastructure solutions provider across Europe, the Middle East, and Africa, has acquired a 60% stake in Thomassen Service, including its Middle East and Africa business unit (TSME), filter manufacturing division, and its African affiliate. With over 30 years of experience in gas turbine operation, maintenance, and component repair, Thomassen Service brings highly specialized capabilities that align with Elsewedy Electric's strategy to deliver end-to-end, high-performance energy solutions. Renowned for its Dutch engineering roots, Thomassen Service has earned a strong reputation for precision, reliability, and innovation in the energy sector. Its expertise in maintaining and optimizing gas turbine performance has served a wide client base across the Middle East and Africa, making it a strategic addition to Elsewedy Electric's growing energy services portfolio. 'This acquisition is a key milestone in Elsewedy Electric's global expansion strategy,' the company stated. 'It strengthens our engineering and construction (E&C) offerings by integrating specialized gas turbine operations, maintenance, and field services.' Through the acquisition, Elsewedy Electric gains access to TSME's established operations in the UAE, Oman, and Nigeria—accelerating entry into high-growth markets, enhancing its presence in Europe, and broadening its footprint in Africa's rapidly evolving energy landscape. The deal also marks Elsewedy Electric's strategic entry into the oil and gas services sector, where Thomassen Service's expertise in component repair and field maintenance will enable the company to offer tailored solutions to industrial clients, petrochemical facilities, and energy-intensive manufacturers. As part of the Elsewedy Electric Group, Thomassen Service will benefit from increased financial backing, global EPC integration, and expanded market access—enabling it to scale its services across the power and oil & gas industries. Ahmed Elsewedy, CEO of Elsewedy Electric, commented: 'By integrating TSME's deep technical expertise and regional service experience with our E&C capabilities, we are now positioned to deliver even greater value to clients across Africa, the GCC, and Europe.' Peter Hertog, CEO of Thomassen Service, added: 'Joining Elsewedy Electric allows us to scale our capabilities and reach new markets. We're proud to become part of a group that shares our commitment to excellence, innovation, and customer service.'
