Minister Talaat announced these figures on Sunday in a meeting with Prime Minister Mostafa Madbouly to discuss the localization of the mobile phone industry for export.

During the meeting, Talaat reviewed the market share of various mobile manufacturers in Egypt and presented incentives and mechanisms to attract more companies and localize the mobile phone industry.

In 2022, Samsung established a factory in Beni Suef, at an investment of $20 million.

The factory has a two million units production capacity and provides around 400 job opportunities.

Similarly, Vivo established a factory in 2022 in the 10th of Ramadan City, at an investment of $20 million.

This factory has a two million units production capacity and provides around 400 job opportunities.

Talaat added that other companies such as Xiaomi, Nokia, Infinix, and Micromax contribute to local manufacturing with a combined production capacity of around 7.5 million units.

Moreover, Nokia established a production line in collaboration with SICO in 2023 at an investment of $20 million, with a production capacity of 2.5 million units.

Talaat noted that this factory provides around 400 job opportunities.

Furthermore, he clarified that these companies are expanding in the Egyptian market by building more factories to increase output and job opportunities.

This aligns with the information and communications technology (ICT) sector’s contribution to Egypt’s gross domestic product (GDP), which increased from five percent in FY2022/2023 to 5.8 percent in FY2023/2024, with a plan to reach eight percent by 2030.

Additionally, investments in the ICT sector amounted to EGP 83.3 billion in FY2022/2023, compared to around EGP 56 billion in FY2021/2022, with a growth rate of 48.8 percent, according to a report released by the Information and Decision Support Centre (IDSC) in July.