Egypt’s mobile manufacturing sector has reached a significant milestone with a production capacity of 11.5 million units, thanks to a total investment of $87.5 million, creating 2,050 job opportunities. This was announced by Minister of Communications and Information Technology Amr Talaat during a meeting with Prime Minister Mostafa Madbouly, where they discussed strategies to boost the localization of the mobile phone industry for export purposes.
In 2022, notable advancements were made with Samsung and Vivo each establishing factories in Beni Suef and the 10th of Ramadan City, respectively. Both companies invested $20 million each, with each factory boasting a production capacity of two million units and providing around 400 jobs.
Additionally, other key players like Xiaomi, Nokia, Infinix, and Micromax have collectively added approximately 7.5 million units to Egypt’s production capacity. In a notable collaboration, Nokia teamed up with SICO in 2023 to launch a production line that alone contributes 2.5 million units and 400 jobs with a similar investment of $20 million.
The expansion efforts of these companies are part of a broader initiative to increase Egypt’s market output and employment within the sector. This initiative is in line with the ICT sector’s increasing contribution to Egypt’s GDP, which rose from 5% in the fiscal year 2022/2023 to 5.8% in FY2023/2024, with a target of reaching 8% by 2030.
Investments in the ICT sector have also seen a substantial increase, jumping from EGP 56 billion in FY2021/2022 to EGP 83.3 billion in FY2022/2023, marking a growth rate of 48.8%. These figures were highlighted in a recent report by the Information and Decision Support Centre (IDSC).
