FINANCIAL NEWS

Huawei to launch smartphone factory in Suez Canal Area

09 Dec 2015

(MENAFN) Chinese company Huawei wants to establish a factory for smartphones in the Suez Canal Area.

According to statement, the Egyptian government assured to be a strategic companion in applying projects in the Suez Canal Area.

Furthermore, an agreement was signed with Huawei to offer the Egyptian Ministry of Electricity with 10mn smart electricity meters.

Additionally, a rise in the number of units was decided upon, which would help to remove illegal electricity consumption.

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