Karim Ghoneim, Chairperson of KMG EGYPT and Head of the Digital Economy and Technology Division of the Cairo Chamber of Commerce, has said that his company will start manufacturing smart watches and mobile phones in the company’s factory in the industrial zone in Sadat City, Menoufeya. He told Daily News Egypt that the company agreed with an Indian company to manufacture the latter’s products of smart watches and mobile accessories locally, and also agreed with another Indian company to manufacture its products of feature and smart mobile phones in the same factory. Last August, Etisal for Advanced Industries (EAI) announced that it signed an agreement with HMD, which owns Nokia, to manufacture about one million phones annually in the Egyptian market. In September 2022, the Chinese company OPPO announced its intention to establish a mobile factory in Egypt with investments of $30m and a production capacity of 4.5 million phones annually. It is planned that the establishment of the factory will begin in the last quarter of this year, through which modern versions of mobile devices manufactured by Samsung will be produced locally.

Source: Daily News Egypt August 20, 2023 00:57 UTC