Silicon Valley opening. Photo courtesy of the General Authority for the Suez Canal Economic Zone (SCZONE)
The factory is a joint effort between the SCZONE and industrial developer China-Egypt TEDA Cooperation Zone, which was founded in 2008 by China's Tianjin TEDA Investment Holding Co.
The factory will produce accessories for the giant Chinese company Transsion Holdings, one of the six largest global companies in mobile phone manufacturing and accessories.
The company is also Africa’s largest in terms of market share in sales of mobile phones and their accessories.
The factory will manufacture accessories for Infinix, G-TiDE, Oraimo, itel Mobile as well as UniTronics products of Uni Group, the owner of the factory.
The factory will operate three production lines, each with a production capacity of 3,000 pieces a day, with a total investment of EGP 25 million.
The factory employs 65 Egyptian workers at present and aims to expand the number to 150 when production expands.
During the opening, smartphone giant Infinix also announced that it had begun a production trial at the factory of the first advanced TWS Bluetooth headset made in Egypt.
Walid Gamal El-Din, SCZONE's chairman, said that the Silicon Valley factory marks “a new achievement of cooperation” between the SCZONE and TEDA, whose investments in the zone have amounted to more than $2 billion.
Gamal El-Din expressed his hope that the 1,350-square-metre factory is the beginning of more investments in this field.