ZTE backs Egypt’s US$10bn electronics industry plan
Published on 30 November 2016
ZTE is among three Chinese companies that have signed framework agreements for the establishment of electronics factories in Egypt on the sidelines of the 20th edition of Cairo ICT which ends today.
The agreements are part of implementing a national strategy to transform Egypt into a regional hub for design and manufacturing by the electronics industry leading up to 2030 according to the country’s Ministry of Communications and Information Technology.
ZTE’s agreement, signed by Silicon Waha Chairman Ahmed El-Sobky and ZTE- Middle East Executive Vice President Ho Shaw is for the founding of a new electronics factory in Borg Al Arab Technology Park.
Yasser ElKady, Minister of Communications and Information Technology in Egypt oversaw the signing of all the agreements according to a statement issued by the ministry.
“The agreement stipulates that the new plant manufactures peripheral devices such as “ADSL”, “Routers” and “Modems”. The factory is expected to produce one million devices in the first year and reach up to 60% of local manufacturing within 18 months from opening,as well as to expand its exports to Arab and African markets,” explains the ministry in its announcement.
The second manufacturing agreement is Transsion, another chinese company specialising in the field of electronics….