Stricter penalties urged on FX real estate purchases    Egypt allocates EGP 9.7bn to Suez governorate for development projects in FY 2023/24    20 Israeli soldiers killed in resistance operations: Hamas spokesperson    Health Minister emphasises state's commitment to developing nursing sector    Sudan aid talks stall as army, SPLM-N clash over scope    Madbouly conducts inspection tour of industrial, technological projects in Beni Suef    Taiwan's tech sector surges 19.4% in April    France deploys troops, blocks TikTok in New Caledonia amid riots    Egypt allocates EGP 7.7b to Dakahlia's development    Microsoft eyes relocation for China-based AI staff    Abu Dhabi's Lunate Capital launches Japanese ETF    Asian stocks soar after milder US inflation data    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Egypt considers unified Energy Ministry amid renewable energy push    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egypt's museums open doors for free to celebrate International Museum Day    Egypt and AstraZeneca discuss cooperation in supporting skills of medical teams, vaccination programs    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



MCIT counts on local manufacturing to increase electronic exports to $3bn
Published in Amwal Al Ghad on 26 - 11 - 2016

Local electronics manufacturing is one of the main axes of the Ministry of Communications and Information Technology's strategy for 2017, said Yasser El-Kady, Minister of Communications.
Al-Qadi told Daily News Egypt that the ministry signed contracts with five companies to establish factories in Assiut and Borg El-Arab technological zones to manufacture mobile phones and home appliances. There are negotiations ongoing with 10 other companies.
The five companies include Sico Technology that seeks to locally manufacture in partnership with Chinese company Megan Group, as well as Tecno Mobile, Huawei, ZTE, and Chinese company Inspur.
The Ministry of Communications is in discussions with the ministries of investment and finance to convert parts of the new technological zones to investment free-zones. This should make it easier for manufacturers to import manufacturing components and production requirements to help increase productivity and exports. This comes as part of the Ministry of Communications' plan to develop investment in technological areas.
Al-Qadi said that the ministry targets to expand in the electronics industry through attracting manufacturers to the Egyptian market in order to increase the sector's exports. The ministry's goal is to reach a technological export volume of $3bn over the next the years.
The ministry formed an Electronics Industry Committee at the end of 2015, headed by Hossam Osman with the participation of a number of electronics industry experts, as well as academic and non-governmental organisations, following the president's directives issued in December during the leading technology event in Africa and the Middle East, Cairo ICT 2015.
The main features of the committee's short-term time plan are based on developing five major industries: the manufacture of mobile and GPS devices, LED lamps of which approximately 80% of components are electronics, solar energy equipment such as solar panels and control devices, smart electricity metres, and the manufacture and assembly of screens.
The ministry has allocated EGP 361m within the budget for fiscal year 2016/2017 to develop this short-term electronics industry plan that extends over three years.
The ministry is also working on improving some government services through establishing technological hubs to serve citizens. These centres gather many automated services such as postal services, real estate registration, traffic assistance, civil status, and supply services.
The first two hubs will be launched in conjunction with the opening of the two technological zones in Assiut and Borg El-Arab, as well as two hubs in Cairo.
The president had given directives to establish a technological hub in Al-Asmarat City. A new hub will also be established in Maadi.
The ministry aims to establish 400 hubs in several governorates across the republic.
Source: Daily News Egypt


Clic here to read the story from its source.