FINANCIAL NEWS

Samsung Egypt has 27 percent in TV market, 60 Pct in mobile phones

07 Mar 2016

(MENAFN) According to Chief Commercial Officer for Samsung Egypt who proclaimed that the firm has a confidence in the Egyptian market despite economic conditions.

However, the lack of hard currency and clarity in some of the economic visions of the state regarding taxes, customs affect the financial return on investment for firms.

On the other hand, the Co. has a positive outlook on the Egyptian market and the situation will be stable, while there will be a new jump in pumping investments by the Korean firm.

Egypt is amid the top five markets in the Middle East and N. Africa for sales of Samsung, and its economy is increasing at a value of 45 percent last year.

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