Sico Smartphone "Diamond" - official website
CAIRO – 3 December 2017: The first Egyptian-manufactured smart phone came to light Sunday as Minister of Communication and Information Technology Yasser El Kady handed the model to President Abdel Fatah al-Sisi at the events of the Cairo ICT 2017 Conference.
Manufactured by the Ministry of Communication-affiliated SICO Technology, the smart phone was made with LE 400 million in investment in the company’s factory in Assiut.
Having five production lines spread over 4,520 square meters, the factory has a capacity of producing 1.8 million devices per year.
SICO mobile phones are now the first local brand in the industry as the percentage of local component is 45 percent.
Expected to be priced at an average of LE 2,000 ($112), the foreign component in the device is provided in partnership with China.
SICO Technology is planning to acquire 5 percent of Egypt’s mobile phones market share in the first year of selling.
The company’s technical centers will exist in Cairo, Giza, Alexandria, Assiut, Sharkia and Luxor governorates.
Mobile phones subscription in Egypt recorded 110 percent by January 2017, with 98.2 million users, according to the Ministry of Communication. Meanwhile, mobile internet users registered 26.16 million subscriptions by the same month.