HMD Global, Nokia’s phone manufacturer, signs an MoU with Egyptian manufacturer company EAI, to start producing Nokia products in Egypt.
The deal included plans to produce 1 million phones, including different variations of feature phones and smart phones, by the end of this year, with production to double during the coming years.
As part of the efforts of the presidential initiative “Egypt Manufactures Electronics” that aims to strengthen Egypt’s position in the field of electronics design and manufacturing, the deal stressed on producing an output that matches international standards in terms of electronic components used, assembling, packaging and testing.
HMD will be providing the EAI factory with production requirements of raw materials, inspection and testing tools and calibration equipment necessary for the production process.
The signing ceremony witnessed the attendance of several representatives including Amr Talaat, Minister of Communications and Infomration Technology, Tamer El Gammal, General Manager of HMD Company in Egypt and Amr Mahfouz, Executive Director of the Information Technology Industry Development Authority.
Training sessions by Nokia experts from Finland will also be provided to the Egyptian cadres working in the factory, in order to transfer the company’s technological expertise and technical support skills.
Minister of Communication and Information Technology, Amr Talaat, explained that this deal comes as part of Egypt’s goals to increase investments by international companies in Egypt, as well as to encourage and motivate the private sector to manufacture within Egyptian factories to transfer knowledge and expertise and eventually localize the electronics industry.
Read more: Egypt to manufacture smartphones locally with $20m investments
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