The Minister of Communications and Information Technology Yasser ElKady has received a joint delegation of officials from the Chinese Company Yangtze Optical Fibre and Cable (YOFC), represented by the Deputy General Manager Rebecca Zhou, and Huawei Egypt, represented by Huawei CEO Terry Liu, to discuss the final steps needed for establishing a high-tech factory for the company in Egypt, aiming to serve the increasing domestic demands and export services in the region.
This new achievement is within implementing the ICT sector strategy, aiming at establishing many technology parks, and making them centers for manufacturing the Egyptian and regional ICT market requirements for spearheading technology innovation and entrepreneurship and producing local knowledge.
ElKady underlined the support of the Ministry of Communications and Information Technology (MCIT) for the global companies that demonstrate a serious interest in investing in Egypt, showcasing the government's efforts to provide a suitable environment for investment, and referring to the international trade agreements signed by Egypt to facilitate the export process. On the other hand, the ICT Minister stated that developing the telecommunications infrastructure and responding to the ongoing domestic demand on optical fibers— especially in the light of the development of new cities and regions nationwide— further supports one of the main pillars of the ICT sector strategy, which aims to enhance the smart technological structure.
YOFC— a partner of Huawei Global— owns the highest market share in the world in the field of fiber-optic cable, and is one of the largest investment entities in China, leading numerous international investments. YOFC selected Egypt as a vital destination for creating a new plant, considering the maturity of the Egyptian ICT sector and the state’s interest in development and improvement. Zhou appreciated the high level of Egyptian calibers dealing with modern technologies.
During the recent period, the Information Technology Industry Development Agency (ITIDA) held a series of intensive meetings with YOFC to discuss the technical requirements of the plant and how to provide consultation. The meetings resulted in the selection of the appropriate location of the plant in one of the new technology parks. This is in addition to the provision of technological calibers, especially that ITIDA provides a technical training program to develop capacities in the field of production and maintenance of optical fibers.
The meeting was attended by ITIDA CEO Asmaa Hosni, ITIDA Vice President for IT Market Development and Silicon Waha CEO Ahmed El-Sobky, the ICT Minister Advisor for Training, Technological Innovation and Electronics Industry and ITIDA Acting CEO Hossam Osman, and representatives of Huawei Egypt.