Elsewedy Electric enters partnership with French Group MND to develop cable transport in Egypt

January 2019

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Elsewedy Electric enters partnership with French Group MND to develop cable transport in Egypt

Partnership between the French group MND and Egyptian Elsewedy Electric to develop cable transport in Egypt Cairo, January 28th, 2019

During the official visit of the French President, M. Emmanuel Macron, the industrial French group MND, specialized in cable transport, and Elsewedy Electric the leading Infrastructure Solutions Provider in Egypt, officially launched their French-Egyptian consortium to develop touristic and urban cable transport in Egypt. It is in presence of the highest French and Egyptian authorities, that this partnership agreement was signed on January 28th, 2019 in Cairo, to develop and commercialize cable transport solutions for tourism and urban mobility in Egypt.

The aim of the consortium MND – Elsewedy Electric is to become a major player in Egypt for the development of cable transport. The know-how of MND group in the design, manufacture and installation of cable transport solutions, with the expertise of Elsewedy Electric in the realization of large infrastructure projects in Egypt, will allow to develop sustainable and innovative mobility solutions for the country.

Today, this French-Egyptian consortium is gathering stakeholders that will be able to deploy a complete offering including the design, furniture of equipment, installation, operation and maintenance. Cable transport is a coherent response to Egyptian challenges of urban congestion, optimization of the transport network, and the valorisation and access of many touristic sites in Egypt. The consortium is already supporting local authorities in the identification and study of several projects. Both organizations also evaluate the opportunity the create a dedicated site for assembly and maintenance.

Xavier Gallot-Lavallée, CEO of MND Group, commented: “We are particularly proud of this partnership with the Egyptian group Elsewedy Electric who is a major reference in the development of infrastructures in Egypt, and more broadly on the African continent. This consortium highlights a new important step for the development of our urban solutions abroad. It is also the mark of our presence and future expansion in North Africa and the Middle-East. The expansion of urban transport networks is a major challenge in Egypt. Our cable transport solutions are sustainable, cost effective and quick to implement, answering perfectly the new mobility needs in cities and requirements to access touristic sites.”

Ahmed Elsewedy, CEO of Elsewedy Electric Group, said: “Our leading group in the energy sector, is looking to contribute to the development of mobility in our country. The challenges in cities and touristic areas are important in a country like Egypt that has in 2018 more than 97 million habitants, and will reach 20 million tourists per year in 2020. Cable transport is one of the mobility solutions that is the most adapted to this demographic dynamic. That is why, through this consortium, Elsewedy Electric chose the French group MND, who possess the required expertise and know-how.”