Egypt’s Elsewedy Electric has signed a $2.5 billion investment agreement with Algeria’s Investment Promotion Agency (AAPI), one of the largest industrial commitments in North Africa to date. The deal, unveiled at the Intra-African Trade Fair (IATF 2025) in Algiers, will expand factories in electrical manufacturing, renewable energy and infrastructure, while embedding technology transfer and job creation at its core.
The investment marks a dramatic scale-up—five times larger than Elsewedy’s current presence in Algeria—and is designed to boost local production capacity, support exports and advance Algeria’s push to diversify away from hydrocarbons. For Elsewedy, listed on the Egyptian Exchange, the agreement underscores its transformation into an integrated provider of energy, infrastructure and green technologies across Africa and the Middle East.
Algerian officials hailed the move as a catalyst for industrial sovereignty, with the potential to generate thousands of jobs and position the country as a regional hub for renewable energy equipment. The agreement also reinforces Egypt-Algeria economic ties at a time when intra-African trade is accelerating, with IATF 2025 recording nearly $48.3 billion in deals.
Analysts note that execution will be critical. Large-scale industrial projects in Algeria face hurdles ranging from regulatory processes to workforce readiness and financing structures. Yet, if delivered effectively, the Elsewedy-AAPI partnership could reshape Algeria’s industrial base and cement Elsewedy’s role as a leading multinational championing green growth and regional cooperation.
