Elsewedy Electric Wiring Harness Factory Plans Remain Under Study

Cairo Stock Exchange — Real Estate Lifts EGX 30 1.63% as Palm Hills Jumps 3.1%

The EGX 30 rose 1.63% to 53,989.6 on Tuesday, July 21, 2026, with real estate stocks driving the move. Palm Hills gained 3.1% on EGP 286.9 million in turnover, while Madinet Masr disclosed a treasury-share purchase update.

Elsewedy Electric Plant to Produce Electrical Wiring Under Study

Elsewedy Electric is studying plans for a plant to produce electrical wiring.

EGX 30 rises 0.5% as Elsewedy highlights $200 mln investment plan

The EGX 30 rose 0.5% to 52,558.4 points on July 15, with Elsewedy Electric dominating the news flow. MSN reported on July 10 that Elsewedy Electric wants to invest $200 million in Egypt's industrial sector, preserving the conditional nature of the plan. Ad-hoc-news.de said on July 9 that the group is balancing regional growth with global challenges, with no additional figures in the headline. The Petroleum Ministry said on July 8 that the phosphate industries complex with Elsewedy Electric reflects the success of mining reforms and a public-private partnership, according to petroleum.gov.eg.