TODAY COVID19 UPDATE
For adverts & inquiries +2348065195638 or Skype: bobojay87
Advert Categories: Birthday & Event Publications | Product & Services | Music Promotion etc.
Egypt’s first smartphone maker, SICO, said it would begin exporting its devices to Germany in November as part of its expansion plan to sell its products in Europe and Africa, its chairman told Reuters.
Mohamed Salem said in Cairo that the company would also export to Holland, Austria and then Sweden, Norway and Finland.
Silicon Industries Corporation (SICO), which already exports to the Gulf and aims to start selling phones in other European countries, said it signed an agreement in October with a company operating in Europe to market its products.
SICO, which was set up in December 2017 and has 200 million Egyptian pounds ($12.43 million) in paid-up capital, sells phones under the brand name Nile X and has said it uses a Chinese design of 3G/4G U.S. technology.
Its plant in Assiut, Upper Egypt, has a production capacity of two million devices annually.
“We signed agreements with three Chinese companies to manufacture phones for them for export to Africa and to offer on the Egyptian market,” Salem said.
“We started manufacturing them a month ago and the first of these products will be distributed inside the Egyptian market next week.”
Private investors own 80 per cent of the company and the remaining 20 per cent is held by Egypt’s Ministry of Communications and Information Technology.
SICO currently exports around 25 per cent of its capacity, Salem said.
It aims to export 50 per cent of its products by the end of next year.
Disclaimer: Opinion and comments are solely the responsibility of the author and does not necessarily reflect the views of the publishers.