First locally produced Egyptian smartphone to hit markets in 2H2017

The first locally assembled smartphone is currently being produced by Sico Misr, with domestic content at about 58% of the device, Youm7 reports. The device should hit the market in the second half of this year. The company’s CEO says the phone will retail from EGP 200 to EGP 2,000, while 4G-compatible products will have a starting price of EGP 1,200.