Prime Minister Mostafa Madbouli witnessed the signing of five memoranda of understanding (MoUs) with Chinese companies to enhance cooperation in telecommunications and information technology between Egypt and China.
Madbouli attended the signing ceremony during his visit to the Chinese capital, Beijing, to attend the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) on behalf of President Abdel Fattah El-Sisi and in the presence of Minister of Communications and Information Technology Amr Talaat.
The MoUs aim to establish three factories for manufacturing fiber optic cables and communication equipment, and 3 centers for exporting outsourcing services with 800 job opportunities in vital fields.
These areas include electronic circuit design, software development, as well as research and development in optical networks, green transformation technology, and semiconductors.
The MoUs also cover the establishment of a $300 million technological investment fund, a data center, 4 training centers and laboratories, in addition to capacity building for more than 3,250 specialists.
The first MoU entails cooperation between the Information Technology Industry Development Agency (ITIDA) and Wuhan FiberHome International Technologies company, a leading provider of IT and communication infrastructure and integrated services. The company plans to establish a factory in Egypt to manufacture fiber optic cables, producing one million core kilometers of fibers annually.
The second MoU involves cooperation between ITIDA, Tsinghua Unigroup, a leading technology and semiconductor industry group, Telecom Egypt, and the Applied Innovation Center to establish a data center and cloud services operation for the group in Egypt.
Under the third MoU, cooperation will be established between ITIDA and Huawei Egypt to expand the company’s operations in the country and launch Huawei Egypt's development center this year.
The fourth MoU entails cooperation between ITIDA, the National Telecommunication Institute (NTI), and ZTE, a global leading provider of integrated information and communication technology solutions, with the aim of initiating local manufacturing of several ZTE products.
Finally, the fifth MoU focuses on cooperation between ITIDA, Telecom Egypt, the NTI, and Hengtong Group, where the group plans to establish a new company and launch its second factory in Egypt within the Suez Canal Economic Zone with a total investment of $15 million.
Source: Egypt Today
