ElSewedy Electric’s (SWDY) subsidiary ElSewedy for Trading & Distribution has signed an EGP 443 million contract with the New Administrative Capital (NAC).
More Details🧐 SWDY will implement the lighting for the South Ben Zayed Road in NAC. The lighting will extend from Al-Fattah Al-Aleem Mosque to the NAC’s Cathedral.
SWDY will also implement “high-mast lighting” for road no. 11, including its intersection with the City of Arts & Culture, & the extension of North Ben Zayed Road.
What is High-Mast Lighting High-mast lighting is a tall pole with lighting pointing towards the ground, usually used to light highways.
Why is this Important🤔 Several SWDY subsidiaries have gone into agreements the past few months.
SWDY was down 1.94% at the end of yesterday’s trading session, while the EGX30 closed 0.48% in the green.
