"End" Egypt increases its investments this year by 40% for more than 8 billion pounds

‘E and Egypt’ company (formerly Etisalat in Egypt), attached to the UAE group (formerly Emirates Communications Group), intends to invest more than 8 billion in the Egyptian market during the year 2024, according to Hazem Metwally, CEO of the company. Metwally added during an interview with ‘Al -Sharq’, on the sidelines of a press conference at the General Financial Authority Authority in Cairo today, Monday, that the services to transfer money via mobile device with its business have increased more than 100% from last year, without going into more financial details. Competition rages in the cellphone market in Egypt, amid the high service rate. The average mobile price in Egypt is the cheapest in the Middle East. Four businesses work in Egypt to operate the communications -cellphone, namely: “Vodafone Egypt”, “Orange”, “E and Egypt” and “Egyptian telecommunications” states owned by the state.