Egypt to manufacture smartphones locally with $20m investments

Egypt to manufacture smartphones locally with $20m investments

Egypt’s Minister of Communications and Information Technology, conducted an inspection tour at the factory of the new Vivo Communication factory that is specialized in manufacturing smart phones. The factory was established on an area of ​​11,000 square meters with investments worth $20 million with plans to increase to $30 million.

The government aims to develop this industry and this is in line of the presidential initiative, Egypt Makes Electronics (EME), which aims to localize the electronics industry.

The minister also pointed out that the new Vivo factory plans to contribute to the transfer of advanced technology specialized in the manufacture of smart phones to the Egyptian market.

During his tour, a number of the factory’s officials told the minister that the percentage of the Egyptian component in the production is 45%.

Vivo is a Chinese technology company that designs and develops smartphones, smartphone accessories, software, and online services.

Read more: Egypt to receive a $271m loan from the African Development Bank

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