Egypt deals with Samsung to localize tablets industry
Under the deal, Samsung will establish a new factory worth $30mln in Beni Suef
Image used for illustrative purpose. Workers are seen during the manufacturing process for Egypt's first tablet computer "Inar" at a factory in Benha May 18, 2013.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Arab Finance
Egypt signed a contract with Samsung to localize the tablets industry for the development of the secondary education system, Al Borsa News reported.
Under the deal, Samsung will establish a new factory worth $30 million (EGP470 million) in Beni Suef.
The new factory will provide more than 500 job opportunities and will train up to 1,000 students.
The agreement also includes updating the tablet model T505N model, instead of the older T585 version, a move to improve the technical specifications according to the latest technology currently available.
Samsung is also committed to providing technical support and maintenance through 45 maintenance centers across Egypt for a period of 36 months from the delivery date.
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