Egyptian billionaire Ahmed El Sewedy backs $500 million deal to manufacture Abu Dhabi-based ROX electric vehicles in Egypt
Billionaires Africa | 23.06.2026 21:09
Egyptian billionaire Ahmed El Sewedy's Ezz Elarab Elsewedy Investments has established ROX ESI Egypt, a joint venture with Abu Dhabi-headquartered global AI technology and electric vehicle company ROX, targeting up to $500 million in vehicle manufacturing and positioning Egypt as the primary production and logistics hub for ROX's expansion across the Middle East and Africa.
