GAFI & ElSewedy Electrometer Discuss Expansion & Investment in Egypt | Vision 2030

Cairo – February 9, 2026 – The General Authority for Investment and Free Zones (GAFI) of Egypt is actively working to facilitate expansion plans for ElSewedy Electrometer, a leading domestic manufacturer of energy metering and management solutions, officials announced today. The discussions, held in Cairo, focused on addressing challenges, enhancing cooperation, and balancing the company’s export ambitions with the needs of the Egyptian market.

Mohamed El-Gawsaky, Chief Executive Officer of GAFI, met with Emad El-Sewedy, Chairperson of ElSewedy Electrometer, alongside senior executives from both organizations. Attendees included Mohamed Shawky, Director of ElSewedy Electrometer’s Electricity Business Line, and Hesham Shaker, Director of Financial Planning and Budgeting, as well as Yasser Abbas, Vice CEO of GAFI; Essam Beheiry, Head of the Free Zones Sector; and Ayman El-Shereay, Head of the Central Administration for Free Zones.

The core of the meeting revolved around exploring opportunities for ElSewedy Electrometer to expand its operations under Egypt’s domestic investment system. This expansion is intended to bolster local manufacturing capabilities, support national industries, and meet growing demand within Egypt, according to a statement released by GAFI. The discussions also addressed the importance of maintaining a balance between exports to international markets and serving the domestic market.

El-Gawsaky reaffirmed GAFI’s commitment to supporting local investments and resolving obstacles faced by investors. He emphasized the authority’s ongoing efforts to enhance transparency and cultivate a stable, investor-friendly environment, crucial for building confidence in Egypt’s investment climate. This commitment, he stated, aims to strike a balance between attracting foreign investment and safeguarding the national economy.

ElSewedy, for his part, indicated that 2026 is projected to be a year of significant growth for his company. ElSewedy Electrometer specializes in the production of a diverse range of meters, including smart and conventional electricity meters, as well as those for water and gas. The company also provides integrated solutions for smart infrastructure and grid management systems.

Notably, ElSewedy Electrometer has already begun exporting to European markets, specifically the Czech Republic and Spain. This success, officials highlighted, demonstrates the competitiveness of Egyptian industry and its ability to meet the stringent technical standards required by the European Union, even given the differences between European and African standards. The company’s export growth has been facilitated through operations within Egyptian free zones.

The meeting between GAFI and ElSewedy Electrometer is part of a broader strategy to strengthen public-private partnerships and promote industrial expansion within Egypt. GAFI is focused on maximizing the role of free zones in driving exports and creating employment opportunities, aligning with Egypt’s Vision 2030 sustainable development agenda.

The emphasis on domestic investment comes as Egypt continues to pursue economic reforms aimed at attracting both foreign and local capital. The country is actively seeking to diversify its economy and reduce its reliance on imports, particularly in strategic sectors like energy and infrastructure. The government’s focus on strengthening local manufacturing capabilities is seen as a key component of this strategy.

Egypt recently invested approximately EGP 26.5 billion in fiscal year 2024/2025 to modernize and expand its power transmission network, highlighting the government’s commitment to upgrading its infrastructure. This investment, coupled with initiatives to support domestic manufacturers like ElSewedy Electrometer, signals a concerted effort to enhance Egypt’s economic resilience and competitiveness.

The collaboration between GAFI and ElSewedy Electrometer underscores the importance of a coordinated approach to investment promotion and industrial development. By addressing challenges, fostering cooperation, and supporting expansion plans, the Egyptian government aims to create a more attractive and sustainable investment climate, benefiting both domestic businesses and the national economy.

GAFI’s efforts align with broader regional trends towards greater economic integration and diversification. As countries across the Middle East and Africa seek to reduce their dependence on traditional industries, there is a growing emphasis on developing manufacturing capabilities and attracting investment in new technologies. Egypt’s strategic location and growing economy position it as a key player in this evolving landscape.