Elsewedy Electric signs MoU with French Group MND to develop cable transport in Egypt
Elsewedy Electric (SWDY) [SWDY.CA] signed an MoU with industrial French group MND, specialised in cable transport, to develop and commercialise touristic and urban cable transport in Egypt. The consortium will utilise MND group’s know-how of designing, manufacturing and installing cable transport solutions and SWDY’s expertise in implementing infrastructure projects to develop mobility solutions in Egypt.
Elsewedy Electric: EGP18.04 as of 29 Jan 2019, Rating: Buy, TP: EGP23.00/share, MCap: USD2,241mn, SWDY EY/SWDY.CA
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