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IT

Samsung to invest USD 84 mln in Egypt in 5 years, including computer screen manufacturing for export

Tuesday 2 June 2020 | 09:51 CET | News
Samsung is planning to invest nearly USD 84 million in Egypt over the next five years to take advantage of new incentives announced by the government, Reuters reported. About USD 23 million will be invested in 2020 by Samsung Egypt, said Mohammed Abdul Wahab, CEO of the state-run General Authority for Investment and Free Zones (GAFI). He said the company intends to invest the sum to build a new production unit for computer screens. 

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Categories: IT / Mobile & Wireless
Companies: Samsung
Countries: Egypt
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