LG Electronics targets $300 million sales in Egypt in 2020

South Korea’s LG Electronics targets sales worth $300 million in Egypt within 2020, its marketing manager Mohamed Geddawy told Mubasher on Thursday..

The company’s TV market share reaches 33 percent in the most populous Arab nation, he added on the sidelines of a conference on Thursday.

LG Electronics inaugurated a new branch with investments of 15 million pounds to foster its presence in the Egyptian market, he revealed.

Earlier in 2019, the company announced injecting new investments of about $15 million into Egypt through setting up new production lines after its investments reached nearly $240 million.