Egypt - Elsewedy Electric (SWDY) announced its subsidiary Elsewedy Electric for Trading and Distribution signed a new Engineering, procurement and construction (EPC) Contract worth EGP 423 million with Al-Mostakbal Urban Development Company for the construction of the electricity and telecommunications infrastructure for phase three on turnkey basis.

Under the contract, the project will be implemented over 22 months.

It is worth mentioning that ELsewedy Electric for Trading and Distribution signed on September 5th, 2017 a contract with Al-Mostakbal company worth EGP 620 million fro the construction of the electricity and telecommunications infrastructure - phase one turnkey basis.

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