Arab Finance: The Engineering & Construction (E&C) Sector of Elsewedy Electric held the 66th position on Engineering News-Record’s (ENR) 2026 Top 250 International Contractors list and 159th on its Top 250 Global Contractors list for the first time, according to a press release.
The group achieved another milestone, as the Julius Nyerere Hydropower Project (JNHPP) in Tanzania was named the Best Project in the Power/Industrial category at ENR’s 2026 Global Best Projects awards.
Located on the Rufiji River, the 2,115-megawatt (MW) JNHPP is the largest power project in Tanzania’s history and a landmark in Egypt-Tanzania cooperation. The project was developed for the Tanzania Electric Supply Company (TANESCO) by a joint venture (JV) between the Arab Contractors and Elsewedy Electric and was inaugurated in August 2026.
The rankings place Elsewedy Electric’s E&C Sector among the world’s leading international contractors, highlighting its growing presence across global markets.
Wael Hamdy, Senior Vice President of Elsewedy Electric and CEO of its E&C Sector, commented: "We have never measured a market by its challenges, but by the value we can create for its people and its economy."
He added: "These recognitions belong to our people, the teams who deliver across borders and in demanding environments every day, and to the clients and partners who trust us to deliver."
ENR, a leading authority in the global construction industry, defines the annual Top 250 International Contractors ranking based on construction revenue generated outside each company’s home country.
Elsewedy Electric participated as an Egyptian company, so its international ranking reflects the E&C Sector’s operations beyond Egypt, spanning Africa, Asia, the Gulf region, and Europe.
In its 2026 Top 250 coverage, ENR also featured Elsewedy Electric's work on Rabigh Combined Cycle Power Plant in Saudi Arabia, delivered in consortium with Siemens Energy. The simple-cycle phase was completed 11 months after award, ahead of peak summer demand. When the combined-cycle phase is complete, the more than $1 billion plant will generate 1,200 MW, enough to supply nearly 600,000 homes.
