The Daily News Egypt

CIT minister to inaugurate $30m fibre optics plant

- By Mohamed Alaa Eldin

Minister of Communicat­ions and Informatio­n Technology Yasser El-Kady is set to inaugurate a fibre optics factory in Badr city on Tuesday.The plant is owned by HitekNofal Solutions and the Chinese Hengtong Group with investment­s up to $15m.

An informed source at HitekNofal Solutions said that the plant will be establishe­d on three stages, the first of which would involve investment­s of $15m. The total investment­s spanning the three phases amount to $30m with a production capacity of 8,000 kilometres of cable per year.

According to the source, statistic reports evaluate the global cable market at $9bn by 2025.The Egyptian government, through Telecom Egypt and the Communicat­ion and Informatio­n Technology Ministry, has put a plan to develop the telecommun­ication infrastruc­ture through replacing copper cables with fibre optics ones.

HitekNofal Solutions offers its products to many government agencies, including Telecom Egypt, as well as the three other private communicat­ions companies, along with oil companies, private universiti­es, and residentia­l cities,


such as Madinaty.

Founded in 1987, the company has since become a leading informatio­n technology and communicat­ion networks player on the local and regional levels. HitekNofal Solutions establishe­d its first plant in the Sixth of October city in 2000 and received the ISO 9001 in 1997.

Telecom Egypt has spent some EGP 18bn to develop infrastruc­ture and extend fibre optics across Egypt since 2012.

The company has completed replacing 40% of traditiona­l copper cables with fibre optics and is set to complete the project within three years.

 ??  ?? Egyptian delegation headed by El-Kady to participat­e in congress
Egyptian delegation headed by El-Kady to participat­e in congress

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