Egypt's ICT Minister Yasser ElKady has held talks with Samsung Egypt officials to present the results of the company's business and the future plans of the company's investments and activities in the Egyptian market. During this meeting, ElKady hailed the serious steps taken by the company and the company’s experience at the Beni Suef plant. He encouraged Samsung officials to increase the fields of domestic manufacturing, the percentage of products local components, and exports.
The ICT minister reviewed the advantages of having a presence in new technology parks, such as New Asiut and Borg Al Arab, where many factories and companies operating in advanced electronics will be established. He added that a new technology park will be set up in Beni Suef soon. ElKady also referred to the presidential initiative for the electronics industry.
He said that the state is working on creating a supportive work environment for the development of this industry, including the necessary legislation, and providing skilled technicians. Samsung Egypt officials led by country head Seung-Ho Yun underlined the company’s intention to increase the size of investments locally and expand the advanced electronics industry in Egypt during the coming period, in line with the Egyptian initiative to implant the electronics industry.
They also ascertained that Samsung investments in Egypt are long-term, due to its confidence in the Egyptian business environment and qualified stagg. They referred to the company’s experience in Upper Egypt, and the company’s intention to expand in this field.