Arab Finance: Al Safy Group, a key player in Egypt's electronics manufacturing sector, is planning to invest approximately EGP 1.5 billion ($30 million) in 2025, COO Diaa El-Shaarawy told Asharq Business.

The investment will focus on expanding and upgrading its production lines to increase output and enter new markets, El-Shaarawy said.

He added that the company aims to export mobile phones to Morocco and Tunisia in the near future.

The company also plans to expand its mobile phone production lines to meet the increasing local demand and introduce new lines for cameras and routers, the COO noted.

Currently, Al Safi operates 16 production lines for televisions and mobile phones, with an annual output of 600,000 televisions and about 4 million mobile phones.

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