AN AMBITIOUS ENGINEER
When Ahmed Elsewedy took over the management of family affairs in 1986, he already knew the small trading company created by his father in 1938 by heart. Apprenticed during his studies as an electrical engineer at Cairo University, he gradually rose through the ranks. That lucrative cable business became Arab Cables, the number-one manufacturer in the sector in Egypt. But this was not enough for the young Ahmed, who dreams of new markets. In Zambia, Ghana and also in the Middle East, he built several factories. In about 10 years, the group grew from a single factory to about 30 sites. Ahmed renamed the company Elsewedy Electric, and it joined the club of the world’s major cable producers like Prysmian and Nexans. He pushed the company – listed on the stock exchange in May 2006 – to operate along the entire electricity chain, from production to energy distribution. Today, the multinational company operates in seven sectors: cables, electrical products, telecoms, transformers, wind power, turnkey installations (from engineering to distribution) and energy management solutions (smart grids). This globetrotter chairs the Egyptian business councils focused on China, Lebanon and Ethiopia.
Ahmed Elsewedy: a son with vision