China’s Vivo to invest USD 30 mn in Egypt over two years

Chinese smartphone maker Vivo is planning to invest USD 30 mn in Egypt over the next two years, Vivo Egypt chief executive Alex Jan told reporters in a presser yesterday, according to Hapi Journal. The plan includes establishing five new customer services centers by the end of 2021, two of which are currently under construction, Jan said. The Guangdong-based company currently operates five centers in Egypt. Vivo then expects to see its investments in Egypt grow by some 80% throughout 2022, its PR and communications manager, Wafeya El Badry, said.