Qualcomm, a US wireless technology specialist, has opened a new branch office in Cairo.
The office, located in the Nile Towers, will serve as a hub for Qualcomm's North Africa business and will provide support for device manufacturers, network operators, retailers, distributors and mobile application developers in the region.
“Egypt is witnessing impressive growth in both the quantity and quality of telecommunication services,” said Moheb Ramsis, senior director of business operations, North Africa.
“This growth has created a healthy and competitive business environment that is giving consumers increased access to wireless services at progressively lower prices.”
He added that the new office would help Qualcomm to serve the Egyptian telecoms sector more effectively.
Egypt has more than 90 million mobile subscribers, following year-on-year growth of 27%, giving it a mobile penetration rate of 112%, according to the country’s Ministry of Communications & Information (MCIT).
“Moving forward, it is expected that network investment will be substantial in order to meet subscriber demand, as well as projected growth in mobile broadband," Ramsis added. "Egypt is a major technical hub for the region."
Qualcomm, which is a major producer of chipsets for mobile devices, has 175 offices worldwide.