Huawei announces $430 mln 5-year investment plan for North Africa

Ahram Online , Tuesday 26 Sep 2023

The Chinese company Huawei Technologies announced its $430 million five-year investment plan, named “Intelligent Future,” for boosting smart transformation in North Africa, according to President of Huawei Northern Africa Terry He.

Huawei Connect conference in the Chinese city of Shanghai
Huawei Connect conference in the Chinese city of Shanghai. Huawei Technologies.


The plan allocates $200 million for building the company’s first cloud center in North Africa, which will provide over 200 cloud computing services.

Intelligent Future will also invest $200 million to support 200 of Huawei's local technology partners and 1,300 distributors.

Huawei will inject $30 million in investments to boost smart transformation in North Africa through training 10,000 local developers and 100 tech specialists.

The investments were announced on the sidelines of the Huawei Connect conference held in Shanghai between 20 and 22 September.

Business leaders, tech experts, partners, developers, and industry stakeholders from around the world attended the conference to explore new prospects for an intelligent future.

At the event, Sabrina Meng, Huawei's deputy chairwoman and CFO, unveiled the company's “All Intelligence” strategy to build a solid computing backbone for China – and another option for the world – to support a vast range of AI models and applications for all industries.


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