Huawei Egypt for Telecommunications and Information Technology is set to increase its investments in the Egyptian market, according to its strategy announced by the CEO of Huawei Egypt, Teri Liu, during a meeting with Minister of Investment and International Cooperation Sahar Nasr on Tuesday. In this context, the company’s CEO indicated that they intend to increase their investments in Egypt, pointing out that Egypt is a good market for the company’s investments in North Africa, in light of the promising opportunities for expanding their activities. “Huawei is ranked second worldwide in communications, and first in terms of profit and revenue,” said Liu. He pointed out that they have made Egypt their regional hub for North Africa since 1999, serving 22 countries in the region. He also invited the minister to visit the company’s research and development centre in Beijing.

Source: Daily News Egypt March 22, 2017 15:56 UTC