To further strengthen its presence in the Middle East and Africa and explore new frontiers for international cooperation, in October 2025, Daqo Group President Mr. Xu Xiang led a core management team on a special market visit to the region. The delegation visited Egypt and Saudi Arabia, engaging in in-depth discussions with leading local electrical industry groups. The visit marked another solid step in advancing Daqo’s global strategy and building new bridges for international business cooperation.
First Stop: Egypt
On October 27, President Xu Xiang and Daqo delegation visited ELSEWEDY ELECTRIC, a renowned multinational industrial group in Egypt. The two parties held in-depth discussions at ELSEWEDY’s headquarters and manufacturing facilities, reached a key cooperation consensus, and signed a Memorandum of Understanding (MOU), symbolizing a significant milestone in Daqo’s overseas expansion strategy.
Overview of ELSEWEDY ELECTRIC
ELSEWEDY ELECTRIC extended a warm welcome to the Daqo delegation and presented an overview of its strong capabilities — with 2024 revenue exceeding USD 6 billion and operations spanning over 110 countries.
Facility Tour and Technical Exchange
During the visit, Daqo’s team toured ELSEWEDY’s Switchgear/RMU, Transformer, and Cable plants, gaining valuable insights into their production capacity and market positioning, laying a solid foundation for precise collaboration.
Key Cooperation Directions
The two sides identified Libya, Algeria, and Egypt as key cooperation markets and outlined multi-dimensional cooperation pathways. They also explored potential capital cooperation, extending far beyond traditional OEM or SKD partnerships.
Strategic Significance for Daqo
President Xu emphasized that both sides can leverage complementary strengths to achieve deeper collaboration — including product, capital, and strategic investment dimensions. ELSEWEDY’s CEO was invited to visit Daqo headquarters, and both parties agreed to finalize an actionable cooperation agreement by the end of 2025.
Second Stop: Saudi Arabia
As a global strategic hub and a hotspot for investment, Saudi Arabia is one of the core markets in Daqo Group’s overseas strategy. The delegation continued its journey after Egypt to further enhance cooperation.
On October 28, President Xu Xiang and his team visited AL OJAIMI Industry Group (OIG), a prominent Saudi electrical manufacturing enterprise.
Meeting and Cooperation Focus
At OIG’s headquarters and factory, both sides held comprehensive discussions, addressed cooperation challenges, defined focal areas, and injected new momentum into their joint efforts across Arabia Saudí and the broader MENA region.
OIG Company Overview
OIG reports annual revenue of USD 5 billion. The main cooperation entity has an annual revenue of USD 1 billion, covering transformers, low-voltage switchgear, and cables.
Joint Development Plans
Both sides reviewed prior collaboration and agreed to accelerate cooperation to capture emerging opportunities.
Daqo proposed full support for OIG’s busbar plant, and OIG agreed to visit Daqo’s facilities in China soon.
Strengthening High-Level Dialogue
To ensure smooth implementation, both companies agreed to:
Assign dedicated project teams
Conduct weekly project meetings
maintain regular top-level communication
Future Outlook
Looking ahead, Daqo Group will continue deepening its global presence with a pragmatic and innovative approach. By leveraging complementary advantages with international partners, Daqo aims to expand its global footprint, enhance strategic cooperation, and deliver sustained value for customers and partners worldwide.
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