Devices & Platforms

Samsung to establish new mobile phone factory in Egypt

Samsung to establish new mobile phone factory in Egypt

Samsung Electronics Egypt, a local division of the multinational company, has indicated that it has plans to establish a new mobile phone factory on an area of 6,000 square metres in Beni Suef, according to a recent statement by Egypt’s Ministry of Communications and Information Technology.

Beni Suef, the capital city of the Beni Suef Governorate, is an important agricultural trade centre on the west bank of the Nile River. The city is located 110 kilometres south of Cairo. The new factory is set to provide about 1,400 direct and indirect job opportunities, especially in Upper Egypt.

The latest Samsung mobile phones will be locally manufactured at the new factory to meet the demand for the company’s phones in the Egyptian market. The project’s construction works are planned to commence in the fourth quarter of this year. It’s unlikely, therefore, that this factory will start delivering phones before next year.

The agreement that  a new Samsung factory should be establish in Egypt came during a meeting between Minister of Communications and Information Technology Amr Talaat and Chairman of Samsung Egypt Jun Su Jung and his accompanying delegation.

According to UAE news resource The National, the investment by Samsung came after Egypt introduced a round of legislative and economic reforms to boost private sector participation.

It also claims that this is part of the CIT Ministry's Egypt Makes Electronics (EME) initiative, a presidential initiative launched to position the electronics industry as one of the key props for growth in the Egyptian economy.

Its aim is to double Egyptian exports, reduce imports of electronic and electrical appliances to the local market, and provide hundreds of thousands of jobs for researchers, engineers, skilled technicians and workers.



More Articles you may be Interested in...