Nokia eyes expanding operations in Egypt

HMD Global, the parent company of Nokia Mobile, reiterated its commitment to expand its operations in Egypt, according to a Cabinet statement on Sunday.

During a meeting with Egyptian Minister of Communications and Information Technology (CIT) Amr Talaat, HMD Global CEO John François Baril outlined plans to export 4 million phones annually to African markets by 2025, with 600,000 targeted for North Africa. Additionally, 2 million phones will be allocated for domestic consumption in Egypt.

Baril aims to establish Egypt as a regional hub for mobile manufacturing, focusing on increasing the percentage of locally made components. To achieve this, they will collaborate with the Egyptian Silicon Industries Company (SICO).

Egypt’s supportive environment and infrastructure attract global investments. HMD Global’s dedication signals Egypt’s potential as a key player in electronics manufacturing.