Egypt is on a mission to become a leading smartphone manufacturing hub, partnering with Samsung, Oppo, Xiaomi, Vivo, and Nokia. According to Arab Finance for Information Technology, Egypt’s oldest stock-market information portal, the government is eyeing the tech giant, Apple, to establish local iPhone production, strengthening Egypt’s position in regional manufacturing. “The country’s support for localizing industries is part of its efforts to meet domestic demands, reduce the import bill, and increase exports to more than USD 146 billion (EGP 6.83 trillion) by 2030,” Mostafa Madbouly, Egyptian Prime Minister, said earlier this month. Samsung, Oppo, Xiaomi, and Vivo, have factories distributed across several industrial areas in Egypt, and more than 50 percent of industrial sourced locally. Samsung’s factory is in Beni Suef, spanning 6,000 square meters, and providing 1,400 direct and indirect job opportunities for Egyptian workers. It has a production capacity of six million units annually, ranging from televisions to mobile phones, and tablets. “Samsung Electronics’ factory complex in Beni Suef, Egypt, is the company’s first in the Middle East and Africa, and one of only 14 factories worldwide,” according to Jun Su Jung, the Chairman of Samsung in…
The post Egypt Emerges as a Smartphone Manufacturing Hub first appeared on Egyptian Streets.
Source: egyptianstreets
