Japanese electronics producer Toshiba and Elaraby Group signed a EGP 4 bn partnership agreement to assemble and export television sets to 60 countries in the Middle East and Africa from Egypt, Deputy Chairman Ibrahim Elaraby told Al Mal. Elaraby did not provide further information about the partnership. Toshiba had been planning to increase the value of products manufactured by its JV with Elaraby Group, Toshiba El Araby Visual & Appliances Marketing Company (TEVA), to USD 100 mn in 2019.

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