Samsung Most of its products are part of the company’s global smartphone production. It is produced in Vietnam, which accounts for more than 60%. In recent years, Samsung has India, Brazil and Indonesia spread to other countries as well. Samsung’s new investment will be in Egypt.
Egypt’s Ministry of Communications and Information Technologies has confirmed that Samsung has set up a new factory in the country to manufacture smartphones. Factory, It will cover an area of 6,000 square meters in Beni Suef. Especially in Upper Egypt, Samsung’s new factory is expected to provide approximately 1,400 direct and indirect job opportunities.
The construction of the project in the fourth quarter of this year scheduled to start. According to Zawya, upcoming Samsung mobile phones It will be produced locally in the new factory to meet demand in the Egyptian market.
The decision to establish a new Samsung factory in Egypt, During the meeting between the Minister of Communications and Information Technologies Amr Talat and Samsung Egypt President Jun Su Jung and his delegation receipt. Samsung’s decision to establish a phone factory in Egypt can be seen as a positive move for the development of the country.
The factory is likely to create jobs, boost the economy and even help Egypt develop its manufacturing sector. In return, Samsung may receive incentives such as tax breaks and subsidies from the Egyptian government.