Established by the Elsewedy family in 1938 as a trading business in electrical equipment in Cairo, today Elsewedy Electric is a global energy, digital, and infrastructure solutions provider with a worldwide presence in 110 markets, 48 international offices, and 31 production facilities. The company reported $3 billion in revenues in 2022, up 52.2% compared to 2021. The company is developing a 120,100-square-meter Egyptian Industrial Park in Tanzania at an estimated cost of $50 million. The Elsewedy Family owns 68.1% of the company, which had a market cap of $1.4 billion as of July 4, 2023.