SICO Egypt to produce 1.5 million smartphones in 2019

Sico Egypt Company is planning to produce 1.5 million mobile phones next year.

Mohamed Salem, Chairman of Sico Egypt, said on Friday that his company has set its production target for financial year 2018/2019 at 1.5 million device, as reported by the Middle East News Agency (MENA).

SICO Tech, the first Egyptian producer of smartphones, reportedly expects to reach a 17 percent share of the local market in 2020.