2 min read
Pakistan has invited Egypt’s leading industrial conglomerate Elsewedy Electric to explore new investment opportunities in the country’s growing mining and IT sectors, as both sides reaffirmed confidence in their economic partnership. The meeting highlighted Pakistan’s push for foreign investment and Elsewedy’s satisfaction with its ongoing projects in the country.
In a statement on Monday, the Ministry of Commerce confirmed that Federal Minister Jam Kamal Khan held a detailed meeting with Eng. Ahmed Elsewedy, President and CEO of Elsewedy Electric. The discussion centered on expanding Egyptian investment and strengthening long term industrial cooperation.
The minister highlighted that Pakistan’s mining sector is entering a phase of rapid growth due to new policy reforms, improved investor friendly frameworks, and increasing public private partnership opportunities. He stated,
“Pakistan’s mineral potential is vast and largely untapped, and we welcome global players like Elsewedy to become part of this development.”
He further briefed the delegation on Pakistan’s booming IT and technology services sector, encouraging Egyptian firms to explore digital trade and innovation driven ventures.
Eng. Ahmed Elsewedy expressed confidence in Pakistan’s economic direction and noted that the group is
“satisfied with its current investment footprint in Pakistan and sees room for further collaboration.”
Elsewedy Electric, established in 1938, is one of Egypt’s largest multinational companies with operations in 19 countries and exports to more than 110 global markets.
The Egyptian side welcomed Pakistan’s recent economic reforms and showed interest in enhancing bilateral cooperation across industry, technology, and energy solutions. Both sides agreed to continue strategic dialogue aimed at deepening investment flows and strengthening commercial ties between Pakistan and Egypt.
