Electronics
The program aims to enhancing Egypt's position as a regional center for the electronics industry and increasing electronics exports by 8 percent annually by 2026/2027.
The Korean Promotion, Investment and Trade Agency in Egypt, KOTRA, organized a seminar and business meetings with a group of 7 companies in the field of electronics industry operating between Egypt and South Korea.
The size of Samsung's current investments in Egypt amounts to $500 million, with sales worth $1.3 billion.
Three global companies started to produce mobile phones in the country at total investments of LE 2 billion and an annual production capacity of 20 million phones, the center said.
An in-depth look at research and development across various industrial sectors in Egypt.
The minister said the company's projects in the Egyptian market coincide with the ministry's strategy to upgrade the engineering industry sector.
Nine Egyptian companies will participate in the international consumer electronics trade show, introducing purely Egyptian technology products.
Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence.
The visit comes in light of the 10th joint meeting of the Egyptian-Korean Business Council.
Shares in Sony Corp soared to a nine-year high on Wednesday after it forecast record earnings that have vindicated its restructuring efforts and raised expectation.
Apple Inc (AAPL.O) has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc (QCOM.O), according to two people familiar with the matter.
El Sewedy Electric Company's first-quarter net profit climbed to LE 1.5 billion ($82.9 million).
ETAA stressed on the importance for travel agents to abide by the American and British ban on electronics on planes bound for the U.S. and Britain.
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