Egyptian billionaire Ahmed Elsewedy's Elsewedy Electric moves into elevators
Billionaires Africa | 02.11.2026 01:08
Elsewedy Electric, the Cairo-listed industrial group run by Egyptian tycoon Ahmed Elsewedy, has moved into the elevator business with a new brand called RYZE and is targeting 1 billion Egyptian pounds ($17.8 million) in elevator and escalator sales in 2027.
