Egyptian billionaire Ahmed Elsewedy's company wins $2.2 billion Saudi power plant deal
Billionaires Africa | 14.10.2026 06:50
Elsewedy Electric, the Cairo-listed cable and power infrastructure group run by Egyptian tycoon Ahmed Elsewedy, has signed a $2.2 billion contract in a joint venture with China's Sinohydro to build a 2.3-gigawatt gas-fired power plant in Saudi Arabia.
