Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with executives from Samsung and LG to discuss investment expansion plans and increasing the local component ratio in their products.

Samsung Electronics aims to increase its exports from Egypt by more than 30% over the next three years, Prime Minister Mostafa Madbouly stated.

Egypt Healthcare Authority (EHA) and Samsung Egypt have probed cooperation in the fields of equipping healthcare facilities and virtual hospitals.

Elaraby Group is aiming to build the largest industrial park in the region with $350 million in investments, the group’s Chairman Ibrahim Elarabay revealed on May 18th.

The consensus to establish a new Samsung factory in Egypt came during a meeting between Minister of Communications and Information Technology Amr Talaat and Chairman of Samsung Egypt Jun Su Jung and his accompanying delegation.

The company has become the top exporter of electronics in Egypt and has succeeded in fulfilling the demand of both domestic and international markets.

“With over 900 screens located across 150 B.TECH stores all over the country, vendors and brands can adopt a unique advertising approach implemented to closely connect with their targeted group of customers delivering optimized messages at the point of sale stores. The personalized advertisements will be displayed on high-tech screens using Artificial Intelligence to improve customers' overall shopping experience,” it added.