Oppo signed an agreement with the Ministry of Communications and Information Technology’s ITIDA to set up a $20 million mobile phone manufacturing factory plant in Egypt.
The factory will have a production capacity of 4.5 million devices per year and create about 900 jobs within the next three to five years, with the potential to expand further according to market demand.
“The signing comes within the framework of the presidential initiative launched by President Abdel-Fattah El-Sisi “Egypt Makes Electronics” with the aim of promoting the electronics industry as one of the biggest pillars of the growth of the Egyptian economy, by contributing to increasing or doubling Egyptian exports, striving to reduce imports of electronic devices for the local market, and creating job opportunities for hundreds of thousands of engineers and technicians,” Amr Talaat, Minister of Communications and Information Technology said.
Oppo is a Chinese smart device and mobile phone manufacturer that was established in 2004.
Also read: Egypt to manufacture smartphones locally with $20m investments
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