As part of a strengthened economic partnership, Egyptian company Elsewedy Electric has committed to investing $2.5 billion in Algeria. The agreement, formalized with the Algerian Investment Promotion Agency (AAPI) during the Intra-African Trade Fair (IATF 2025), provides for the creation of 10 factories across Algerian territory.
This major project aims to boost Algeria’s energy, electricity, and sustainable development sectors. Elsewedy Electric, a leading player in the production of electrical equipment, will build a full industrial complex, including factories for the manufacturing of cables, electrical accessories, and energy equipment such as transformers and insulators.
The investment aligns closely with the Algerian government’s strategy to promote industrial self-sufficiency and reduce imports. In addition to stimulating the local economy and creating jobs, the partnership will facilitate a significant transfer of technology and expertise. Elsewedy Electric has committed to training Algerian workers to master these new manufacturing techniques.
This agreement is not the first between the two countries. In April 2025, a memorandum of understanding was already signed between Elsewedy Electric and Algerian state-owned utility Sonelgaz for future investments in the energy sector, particularly for the production of ultra-high-voltage transformers and power plants.
Beyond meeting Algeria’s domestic demand, these initiatives have broader ambitions. The ultimate goal is to enable Algeria to position itself as a major exporter of energy equipment, not only across Africa but also in the Middle East.
