Telecom

Egypt: SICO signs deal with Silicon Waha to extend Assiout plant

Egypt: SICO signs deal with Silicon Waha to extend Assiout plant
Tuesday, 27 August 2019 20:03

Silicon Waha - a company specializing in the creation of technology parks, - signed on August 25 a service contract with Egyptian Silicon Industries Company (SICO) to expand its smartphone and smart tablet production plant in the Assiout technology park.

The paper was inked between Mohamed Salem, President of SICO, and Sameh Al Mallah, President and CEO of Silicon Waha, according to whom this deal reflects the success of SICO products in the Egyptian and African markets since they were launched.

Sameh reaffirms Silicon Waha's commitment to provide all the equipment and infrastructure supplies necessary for the expansion, so that this new SICO investment will benefit the national economy and create more employment opportunities for young Egyptians.

According to Mohamed Salem, the plan is not only aimed at increasing the production of smartphones and tablets to meet the needs of the local market and exports. It also includes the production of new products such as televisions and electronic payment devices.

Silicon Waha is a joint venture formed by the Ministry of Communications and Information Technology, the Information Technology Industry Development Agency (ITIDA), the New Urban Communities Authority (NUCA) and the National Telecommunications Regulatory Authority (NTRA).

On the same topic
Ghana aims to reach 70% 5G population coverage by March 2027, though the service is not yet commercially available. The government has shifted from...
Africa internet penetration at 36%; 900 million offline Community satellite Wi-Fi expands access in rural areas Shared networks cut data costs...
Axian secures digital finance license in Comoros New entity to offer mobile nano, micro-loans Banking rate 39%; inclusion seen reaching 75% by...
Pupils to receive unique school identification numbers Program aims to modernize education data management Guinea’s Ministry of National Education...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
03

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
04

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.