The Ministry of Communications and Information Technology in Egypt has successfully attracted three prominent mobile phone and tablet manufacturers to establish factories in the country. With a combined investment of EGP 2 billion, these factories have a production capacity of 20 million mobile devices.
The first factory is owned by Vivo, a well-known Chinese smartphone manufacturer. The second factory belongs to Nokia, a Finnish telecommunications company and the third factory is owned by Samsung, a renowned South Korean electronics company.
The establishment of these factories aligns with the ministry’s strategy to position Egypt as a regional hub for electronics manufacturing. In order to attract foreign investors to the sector, the ministry has offered various incentives, including tax breaks and subsidies.