Such information came from the country’s Ministry of Communications and Information Technology. It is reported that the area of the new factory will be 6 thousand square meters. m and its construction is scheduled to begin at the end of 2023.
Currently, Egyptian authorities expect the new factory to create around 1,400 additional jobs, which will have a positive impact on the region’s economy, particularly in Upper Egypt.
The plant will deal with the production of the latest models of the Samsung Galaxy smartphone. All this is done to meet the demand in the local market.
Although the main production of Samsung smartphones remains in Vietnam, the company has decided to expand its production capacity in other countries. For example, it has also recently increased its presence in India.
Source: Ferra
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