The new factory will include a 180 metre high cable tower and span across 5,00,000 square meters. The facility will be the first of its kind in the region and sixth worldwide.
Mar 11, 2025
Elsewedy Electric has signed a Memorandum of Understanding (MoU) with Egypt’s Holding Company for Maritime and Land Transport to establish a subsea cable factory with an investment of USD 500 million. According to reports, the facility will be established in the newly-designated industrial zone at Damietta Port.
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Spanning across 5,00,000 square meters and including a 180 metre high cable tower, the facility will be the first-of-its-kind in the region and sixth worldwide. With 100 percent of production dedicated for exports, the facility is poised to be a key export hub. This move will reinforce Egypt’s role as a leading supplier of submarine cables across Europe, the Middle East and Africa.
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The project will be led by Elsewedy Industrial Development with a newly-formed joint venture that will oversee the management of the zone. Beyond cable manufacturing, the development is expected to attract industries such as food processing, automotive and petrochemicals, reflecting growing demand in these sectors, according to the company’s statement.
