Egypt seeks to attract Chinese mobile companies fleeing India
Egypt is trying to take advantage of the crisis between Chinese smartphone companies and India by providing incentives to such companies to lure them into investing in the Egyptian market.
Egypt is trying to take advantage of the escalating crisis between China’s mobile smartphone companies and India by providing facilities that would encourage these companies to invest in the Egyptian market.
On Sept. 13, Cairo signed a memorandum of understanding with the Chinese consumer electronics manufacturer Oppo under which the Chinese company will establish a mobile phone factory in Egypt, with a production capacity of 4.5 million units per year at a cost of $20 million.
