INVESTMENT WATCH- Indian smartphone manufacturer Lava International plans to invest USD 10 mn in Egypt in 2018, said co-founder Hari Om Rai, according to Al Mal. Senior Vice President Vikram Singh Parmar had said earlier this month that the looking into establishing a mobile phone factory in Egypt in 2019. Lava recently began selling its lower-cost mobile phones and smartphones in Egypt, and is looking to nab some of Egypt’s biggest names in football as part of its marketing.

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