SICO Technology Chairman Mohamed Salem revealed that the launch of the first Egyptian tablet, named as "SICO Express 3", will be next Wednesday. Salem added that the tablet has been manufactured in the technological area in Assiut, with a local manufacturing rate of up to 45 percent. "The production of 10,000 tablets will be officially launched in the market within two weeks at a price 1149 pounds," he said. Former Minister of Communications and Information Technology Yasser el-Kady and Minister of Supply and Internal Trade Ali Moselhi launched the first Egyptian- manufactured smartphone "SICO" on February 19. E-SICO is expected to be priced at an average of 2,000 pounds (US$112); the foreign components in the device are provided through partnership with China. SICO Technology is planning to acquire 5 percent of Egypt's mobile phones market share in the first year of selling. The company's technical centers will be in Cairo, Giza, Alexandria, Assiut, Sharqia and Luxor governorates. Mobile phones subscription in Egypt recorded 110 percent in January 2017, with 98.2 million users, according to the Ministry of Communications and Information Technology. Meanwhile, mobile internet users registered 26.16 million subscriptions in the same month. Source: Egypt Today
