Egypt´s El Sewedy Electric looking to expand in Pakistan

Egypt´s El Sewedy Electric , the largest listed cable company in the Arab world, is working to increase its exports and aims to establish six logistics warehouses in the next five years, its chief executive said on Thursday.

Ahmed El Sewedy said the warehouses would be in Zambia, Djibouti, Kenya and elsewhere.

The company is also studying expanding in Latin America, Kazakhstan, Indonesia and Pakistan within two years and is looking for opportunities to develop industrial sites in Egypt at Al Alamein and Ain Sukhna, he told Reuters on the sidelines of a press conference.

The CEO said manufacturing in Egypt had become attractive for both the domestic market and exports, adding the company currently exports 70 percent of its output to over 11 countries.