The Egyptian government has agreed to manufacture Samsung's educational tablets as part of its strategy to localize the technology sector.
The contract with South Korean technology company Samsung would last for five years.
The tablet's specifications, which should be updated every two years, and the selling price have not been agreed upon.
Samsung had previously offered to invest about $30 million to establish a tablet factory in Egypt. The factory would have the capacity to produce up to one million devices annually.
Before the country's agreement with Samsung, Egypt's Ministry of Communications and Information Technology had negotiated with international companies early this year to determine the best offers to manufacture tablets locally.
Two days ago, Egyptian PM Mostafa Madbouly chaired a meeting on the localization of the tablet industry after previously indicating that manufacturing would start as soon as an agreement with Samsung was reached.


Nvidia and Microsoft to Launch AI-Powered Windows PCs at Computex 2026
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments
Berkshire Hathaway to Acquire Taylor Morrison in $6.8 Billion Homebuilding Deal
US Tightens AI Chip Export Rules, Impacting Nvidia and AMD Sales to Chinese Firms
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership
Fonterra to End Fitch Ratings Coverage as Agency Plans Withdrawal
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure
Nvidia Unveils RTX Spark AI PC Chips, Expands Challenge to Intel, AMD, and Apple
Rising Airfares May Challenge Cruise Industry Growth Ahead of 2027 Booking Season
Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028
Alphabet Unveils $80 Billion Capital Raise to Accelerate AI Expansion, Secures $10 Billion Backing from Berkshire Hathaway
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
Ryan Kavanaugh and Acme AI & FX Bets on Artificial Intelligence to Reinvent Film Production Economics
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook
Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook 



