(3 Minutes read)
By 2030, Egypt aims to increase exports to over USD 146 billion, with previous statistics putting the country’s import bill for mobile phones in 2023 as USD 1.5 billion, and USD 4.6 billion for cars.
Egyptian Prime Minister Mostafa Madbouly chaired a meeting to discuss advancing the localization of mobile phone manufacturing for exports. He emphasized the government’s commitment to enhancing local production and export capabilities in the mobile phone sector.
Madbouly highlighted the government’s strong interest in the mobile phone industry, both for meeting local demand and export purposes. The government previously revealed it is looking to localize 40% of smartphone production and its total manufacturing input, including components, design, development, and software.
He said that Egypt is working to enhance the business environment to encourage various international companies to be present and manufacture in Egypt, and for the industry to be as large as possible. The meeting was attended by Minister of Communications and Information Technology Amr Talaat and Minister of Finance Ahmed Kouchouk.
The PM noted that several companies have already started local manufacturing of mobile phones and encouraged further investment to achieve self-sufficiency for the local market and boost exports.
Mobile manufacturing companies present in the country are:
Samsung, Vivo, Xiaomi, Nokia, Infinix, Micromax, etc. The total production capacity of these facilities now stands at 11.5 million units, with current investments totalling USD 87.5 million and generating 2,050 jobs, according to the MCIT minister.
Read Also:
By 2030, Egypt aims to increase exports to over USD 146 billion, with previous statistics putting the country’s import bill for mobile phones in 2023 as USD 1.5 billion, and USD 4.6 billion for cars.
