The partnership was formalized during a signing ceremony led by Rasha Al-Azhari, Chief Financial Officer at Vodafone Egypt, and Abdelrahman Elsewedy, Group Chief Strategy and Corporate Development Officer at ELSEWEDY ELECTRIC, and was attended by Mohamed Shamroukh, Executive President of the National Telecommunications Regulatory Authority of Egypt, who represented the Minister of Communications and Information Technology.
This strategic alliance will enable the production of a range of advanced telecommunications products locally, including fibre and copper cables, lithium batteries for telecom cabinets, and antennas.
This deal marks a significant milestone for the Egyptian telecommunications industry, as it aims to deliver high-quality products that meet international standards while reducing dependence on imports.
"Our partnership with ELSEWEDY ELECTRIC signifies a major advancement in our efforts to localize telecommunications equipment production in Egypt. This initiative aligns with Egypt’s broader strategy to strengthen critical industries and leverage local expertise, ultimately promoting economic growth and technological innovation," said Al-Azhari.
“This transformative project is set to enhance the local telecommunications sector. Leveraging our extensive manufacturing expertise, we aim to develop innovative solutions that will not only meet local demands but also drive economic development in the region," according to Elsewedy.
Vodafone Egypt said in the statement that this partnership is part of its ongoing strategy to stimulate the local economy and enhance the smart telecommunications equipment industry.
The company has previously collaborated with Samsung to manufacture mobile devices locally and has also partnered with El Safi Group and Green Pact International to produce high-speed routers, further promoting industrial investment in the country.
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