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Egypt Agrees With Samsung to Boost Cooperation, Expand Local Manufacturing

Minister of Communications and Information Technology Amr Talaat has met with Jun Su Jung, President of Samsung Electronics Egypt in Cairo. The meeting witnessed an agreement to establish a new mobile phones factory on 6,000 square metres in Beni Suef governorate.

The new factory, which construction began in the last quarter of this year, creates 1,400 direct and indirect job opportunities for the Egyptian workers, especially in Upper Egypt.

The factory will produce the latest versions of mobile devices to fulfill the local market’s demand, with Egyptian hands and advanced technologies.

“Egypt has become an attractive destination for many major companies operating in electronics design and manufacturing. Businesses choose to manufacture in Egypt to serve the local market and export to regional markets, thanks to the efforts made to encourage investment in the electronics industry in Egypt and localize this important industry, in line with the “Egypt Makes Electronics” strategy,” said Minister Talaat.

Such investment supports the knowledge transfer to Egypt as well as localizing the mobile manufacturing industry.

“We are committed to enacting new incentives and policies for investors in addition to providing highly skilled professionals in the supporting sectors of the electronics industry. The establishment of the new Samsung factory in Beni Suef is a continuation of the successful cooperation with Samsung, which has already resulted in the manufacturing of educational tablets in Egypt.”

CEO of the Information Technology Industry Development Agency (ITIDA), Ahmed Elzaher, and Assistant Minister for Strategy and Implementation, Sherine El-Guindy, along with Samsung Egypt officials, attended the meeting.

Source : Dailynewsegypt

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