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    ICT Minister, LG Delegation Discuss Stimulating New Investments

    Cairo, 22 April 2019

    The Minister of Communications and Information Technology Amr Talaat has met with a high-level delegation from LG Electronics, including Senior Vice President and Business Unit Leader at LG Electronics Mobile Communications Morris Lee and LG Egypt CEO Don Kwak.

    The meeting discussed stimulating LG investments in Egypt, and the possibility of contributing to manufacturing tablets in Egypt.

    During the meeting, Talaat underlined the significance of cooperation with LG in the framework of Egypt Makes Electronics (EME) presidential initiative, which aims at promoting manufacturing and designing electronics through enabling research, development and innovation, deepening local manufacturing of electronics, and encouraging exports.

    In addition, Talaat said that the current and coming periods require a huge supply of electronics, in the framework of the major national projects carried out to achieve Egypt’s strategy of digital transformation.

    The meeting discussed the establishment of an innovation center for designing electronics, and building youth capacity in developing and designing modern electronics. This is in addition to expanding LG activities to include manufacturing mobile phones, in light of the size of the mobile phone market in Egypt.

    They, also, discussed the company’s desire to increase its exports of products made in Egypt, through opening new markets in Africa, since LG products are not only sold in the local market, but also exported to a number of Arab and African countries, under the logo “Made in Egypt”.
    The meeting was attended by ICT Minister’s Advisor for Technology Innovation, Electronics and Training Hossam Osman and a number of LG Egypt officials.

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