Elsewedy Electric has announced a major regional expansion. The group plans to invest around USD 500 million across Saudi Arabia and Qatar. This move strengthens its manufacturing footprint and supports regional energy and infrastructure goals.Major Manufacturing Push in Saudi ArabiaStrong Existing Operations in the KingdomStrategic Expansion Plans in QatarExport Growth and Regional ReachBuilding Long Term Industrial Scale Ahmed Elsewedy, CEO of Elsewedy Electric, shared the plans in an interview with Asharq Business. The strategy focuses on local production, export growth, and long term industrial scale. Major Manufacturing Push in Saudi Arabia Saudi Arabia will receive the largest share of the investment. Elsewedy Electric plans to allocate around USD 400 million to the Kingdom. The goal is to build nine new factories and expand existing capacity. Key Saudi investments include: Two factories in Yanbu A specialized cable manufacturing plant A copper rod factory with annual capacity above 130,000 tonnes A joint venture copper rod plant with Alfanar New factories in Riyadh for cable accessories and fiberglass Production lines for electric vehicle chargers and water meters A power transformer factory in Dammam These facilities support energy transition goals and industrial localization. They also strengthen supply chains for utilities, construction, and mobility. Strong Existing Operations in the Kingdom Elsewedy Electric already holds a strong position in Saudi Arabia. Its current industrial business volume in the Kingdom stands at about USD 533 million. This figure reflects steady demand for power and infrastructure solutions. In addition, the company manages large scale engineering and construction projects. Ongoing projects now reach nearly USD 4 billion in value. These projects cover power generation, transmission, and infrastructure development. The new factories will support these projects. They will also reduce reliance on imports and shorten delivery timelines. Strategic Expansion Plans in Qatar Elsewedy Electric also plans to deepen its presence in Qatar. The company has allocated USD 67 million for new manufacturing facilities. These projects now await board approval. Planned factories in Qatar include: Copper rod production units Aluminum rod manufacturing facilities Power distribution transformer plants If approved, production will begin in 2027. These factories will support both local demand and export markets. Export Growth and Regional Reach Elsewedy Electric already plays a strong role in Qatar’s industrial sector. Current business volume in the country stands at around USD 549 million. Export activity also continues to grow. This year, exports from Qatar based factories exceeded USD 150 million. These products serve: Gulf markets Australia New Zealand The new factories will increase export capacity. They will also position Qatar as a stronger manufacturing hub within Elsewedy Electric’s global network. Building Long Term Industrial Scale This USD 500 million investment reflects a long term regional strategy. Elsewedy Electric aims to align with national industrial visions in both countries. The focus stays on energy infrastructure, electrification, and sustainable growth. By expanding local manufacturing, the group strengthens resilience and competitiveness. It also supports regional job creation and technology transfer.