Elsewedy Electric studies investment opportunities of up to EGP2bn in new capital
Elsewedy Electric [SWDY.CA] announced in a statement that it is currently studying EGP2bn worth of investment opportunities in infrastructure and power generation projects in the New Administrative Capital as part of plans to contribute to strategic national projects. It is worth mentioning that SWDY had signed last year a contract worth EGP1.238bn to construct a 500KV substation in the new capital on a turnkey basis. (Company release)
Elsewedy Electric: EGP17.56 as of 22 Jan. 2019, Rating: Buy, TP: EGP23.00/share, MCap: USD2,147mn, SWDY EY/SWDY.CA
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