International

Egyptian Smartphone-Manufacturer SICO Targets the African Market

Egyptian Smartphone-Manufacturer SICO Targets the African Market

The company currently has locations in Cairo, Egypt, Nairobi in Kenya as well as Dubai in the UAE. In Egypt alone, the company boasts “five production lines spread over 4,520 square meters [with] a capacity [to produce] 1.8 million devices per year”, as reported by Egypt Today.

The idea of exporting SICO technology to neighboring countries in Africa was first introduced in July of this year. 

Mohamed Salem, the CEO of Silicon Industries Corporation (SICO), said in an interview that the company is targeting low-income clients that have long been priced out of being able to enjoy the benefits of smartphone usage.

He expects the increase in market share to come directly from this demographic. SICO has sold approximately 120,000 handsets since the phone went on sale in February, Salem hopes to see 1.2 billion pounds in sales by the end of this year, and 2.5 billion pounds in sales by 2020.

According to Ali, the company’s target for 2020 is 2.5 million pounds.

Egypt's Ministry of Agriculture Bans Unlicensed Selling of Live Poultry
EgyptAir Magazine Apologizes For 'Surreal' Drew Barrymore Article

Subscribe to our newsletter


International

More in International

Palestine Calls New US Economic Plan “Second Balfour Declaration”

Egyptian StreetsJune 23, 2019

Four Teenagers Spared Detention After Attack On Egyptian Student in 2018

Egyptian StreetsJune 21, 2019

Schengen Visa Fees Set to Hike to €80 in January 2020

Egyptian StreetsJune 7, 2019

African Union Suspends Sudan Membership Over Violent Military Crackdown

Egyptian StreetsJune 6, 2019

Tutankhamun Head to be Auctioned by Christie’s, Sparks Outrage

Egyptian StreetsJune 5, 2019

Arab Leaders Call For ‘Boycott’ of Countries That Recognize Jerusalem Israel’s Capital

Egyptian StreetsJune 1, 2019

‘Dare to Dream Of Freedom’ Billboard in Tel Aviv Protesting Israel’s Occupation

Egyptian StreetsMay 13, 2019

Mo Salah Secures Golden Boot for Second Consecutive Year

Egyptian StreetsMay 13, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.