Egypt: China-backed factory emerges from US$30m fibre cable project - News Summed Up

Egypt: China-backed factory emerges from US$30m fibre cable project


Egyptian ICT firm HitekNOFAL, in collaboration with Chinese fibre optic specialists Hengtong Group, has unveiled a new optical fibre cable factory in Badr, as part of a three-year US$30 million project. Mohamed Nofal, Chairman of HitekNOFAL Solutions said the company will leverage its experience of more than three decades in the field of telecommunication and cable solutions to make the factory a success. According to Nofal, HitekNOFAL Solutions wants to ensure that at least 80% of components in the cable manufacturing process at the factory are developed locally by 2021. The company already provides technical services to companies such as Telecom Egypt, Orange, Vodafone, Etisalat Egypt, several oil companies as well as private universities. Qian Jianlin, President of Hengtong Group, said, "The establishment of a new optical cable manufacturing factory in North Africa reflects our company's global expansion plan and Egypt's strategic position among regional markets.


Source: The North Africa Journal March 07, 2018 11:15 UTC



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