Egypt's Information Technology Industry Development Agency (ITIDA), Telecom Egypt, and the National Telecommunications Institute (NTI) have signed a memorandum of understanding (MoU) with Chinese telecom company Hengtong to establish a $15 million fibre optic cable factory. The financing aims to establish the largest fiber-optic cable factory in Egypt and Africa to cover the demand for fiber-optic cable products in Egypt, the Middle East and Africa, in addition to providing high-quality cables due to their production in cooperation with one of the world's leading. Minister of Communications and Information Technology,Amr Talaat, announced that the ministry has signed five agreements with major Chinese companies to establish significant projects in Egypt in the coming period. Chinese power and fiber optic cable manufacturer, Hengtong, is embarking on a significant venture in Egypt as part of a collaboration with the Suez Canal Economic Zone (SCZONE). The signing ceremony. The facility in 10th of Ramadan City will produce fiber optic and copper cables, with 50% of output designated for export. Covering 70,000 sqm, the factory boosts local industry, using nearly half local raw materials to enhance self-sufficiency and global competitiveness.