{"id":587908,"date":"2023-06-04T00:00:00","date_gmt":"2023-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/samsung-to-establish-new-smartphone-assembly-plant-in-beni-suef\/"},"modified":"2023-06-04T00:00:00","modified_gmt":"2023-06-04T00:00:00","slug":"samsung-to-establish-new-smartphone-assembly-plant-in-beni-suef","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/samsung-to-establish-new-smartphone-assembly-plant-in-beni-suef\/","title":{"rendered":"Samsung to establish new smartphone assembly plant in Beni Suef"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Samsung wants to strengthen its presence in our smartphone assembly market:<\/span><span style=\"\">South Korea\u2019s Samsung Electronics plans to esta<\/span><span>blish a new factory for smartphone assembly in its industrial complex in Beni Suef, the Communications Ministry said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3WRSgCq\" style=\"\">a statement<\/a><\/span><span> Friday<\/span><span>.  The smartphone maker is set to begin establishing the new 6k sqm<\/span><span style=\"font-weight:400;\">plant in 4Q 2023, which will produce phones for the local market and for export, and will create some 1.4k direct and indirect jobs, the statement reads. This came during a meeting between Communications Minister Amr Talaat and the head of Samsung Electronics Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we don\u2019t know:<\/span><span style=\"\"> Information about the size of investment, the production capacity of the <\/span><span style=\"font-weight:400;\">factory or which models will be assembled. It\u2019s also not clear how many of the phones will be exported or whether Samsung has committed to using a certain percentage of local components for production.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Current operations:<\/span><span style=\"\">Opened in 2014, Samsung\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3MSev6i\" style=\"\">USD 270 mn factory<\/a><\/span><span style=\"\"> in Beni Suef produces <\/span><span style=\"font-weight:400;\">smartphones, TVs and tablets, and last year debuted its first batch of Egypt-made smartphones. The facility currently has an annual production capacity of 6 mn units, around 85% of which is exported to the Middle East and Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Samsung isn\u2019t the only multinational looking to increase its footprint in Egypt:<\/span><span style=\"\"> Chinese <\/span><span>firm Xiaomi is planning to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3IERDFj\" style=\"\">establish a EGP 1 bn phone factory<\/a><\/span><span> in Egypt which could open in the second half of this year, while fellow Chinese manufacturers <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f42d0041-0ae4-4ab3-9149-140fe05fbca4\" style=\"\">Oppo and Vivo<\/a><\/span><span> have also said they are interested in the market. Meanwhile, Nokia phone manufacturer HMD Global plans to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c4f0f066-1b6d-48e7-83b2-67753e171afd\" style=\"\">significantly increase its production capacity<\/a><\/span><span style=\"font-weight:400;\"> in Egypt this year and start exporting phones to North Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">All part of the industry\u2019s localization strategy: <\/span><span style=\"\">The Communications Ministry has been <\/span><span>working over the past several years to localize the country\u2019s electronics manufacturing industry, through ITIDA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/itida.gov.eg\/English\/Programs\/EgyptMakesElectronics\/Pages\/default.aspx\" style=\"\">Egypt Makes Electronics<\/a><\/span><span style=\"font-weight:400;\"> initiative, which President Abdel Fattah El Sisi launched at the end of 2015. The initiative is aimed at reducing Egypt\u2019s imports of electronic components and increasing exports, and initially targeted products such as mobile phones, tablets, TVs, smart meters, and solar energy systems.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will begin work on the factory in 4Q 2023<\/p>\n","protected":false},"author":1,"featured_media":587909,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[1121,893,72,131,577],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-amr-talaat","tag-cit-ministry","tag-enterpriseam","tag-manufacturing","tag-samsung","wpautop","entry"],"acf":{"mongo_id":"a6608b7e-9dd6-494c-96f6-8b7d5e541100","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/71.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Samsung to establish new smartphone assembly plant in Egypt","related_issue":[587901],"teaser":"The company will begin work on the factory in 4Q 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.51e42e01-16cd-4584-b49e-251c0db757b4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The new products will include smartphones in which, as we noted yesterday, Samsung aims to grow their market share to over\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582255,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/05\/ezz-steel-forecasts-egp-8-3-bn-in-losses-on-egp-depreciation-plus-smartphone-assembly-mature-oil-fields-bdcs-e-payments-arm-and-plenty-more\/","url_meta":{"origin":587908,"position":1},"title":"Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC\u2019s e-payments arm \u2014 and plenty more","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP 5.3 bn in the first two months of 2023 and EGP 3 bn in 4Q 2022 on the back the depreciation of the EGP, the company warned in an EGX\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/construction-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609038,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/golden-licenses-attract-mns-of-usd-in-fresh-investment\/","url_meta":{"origin":587908,"position":2},"title":"Golden licenses attract mns of USD in fresh investment","author":"enterpriseam admin","date":"30 October 2023","format":false,"excerpt":"Samsung is investing more than expected in a new phone assembly facility and EgyptSat Auto sees its first cars hitting the market in the back half of 2024","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1432.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645198,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/samsung-manufactures-qled-tv-in-beni-suef\/","url_meta":{"origin":587908,"position":3},"title":"Samsung manufactures QLED TV in Beni Suef","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Samsung Egypt began to locally manufacture its latest TV model, the QLED, at its USD 270 mn Beni Suef plant, Vice Chairman Sherif Barakat tells Daily News Egypt. The plant will export about 2.8 mn screens to over 36 countries in the MENA region.","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585385,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/18\/french-manufacturer-assembling-smartphone-at-sico-plant\/","url_meta":{"origin":587908,"position":4},"title":"French manufacturer assembling smartphone at Sico plant","author":"enterpriseam admin","date":"18 April 2023","format":false,"excerpt":"Company plans to export phones to West Africa","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571807,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/samsung-is-planning-to-invest-usd-84-mn-in-egypt-over-the-next-five-years\/","url_meta":{"origin":587908,"position":5},"title":"Samsung is planning to invest USD 84 mn in Egypt over the next five years","author":"enterpriseam admin","date":"1 June 2020","format":false,"excerpt":"INVESTMENT WATCH- Samsung is planning to invest USD 84 mn in Egypt over the next five years, including USD 23 mn for a new production line to assemble computers that is expected to go online in August, Samsung Egypt Chairman Choonki Kwon said yesterday during a meeting with GAFI boss\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=587908"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/587908\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/587901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/587909"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=587908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=587908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=587908"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=587908"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=587908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}