[Developer]

INTEL, Egypt sign deal for motherboards factory

Written by Egypt News Tuesday, 02 December 2008 Egypt’s Ministry of Information reported that the world's biggest chipmaker, Intel Corp signed a deal with an Egyptian company on Monday to build the first factory to produce motherboards in Africa

85 percent of the production will be exported to regional and African markets, the Egyptian ministry said, adding that the Egyptian factory will provide between 400 and 600 new jobs over the next two years, the statement said.

It did not disclose the cost of the deal.
The agreement was signed by Intel Chairman Craig Barrett, Tareq Eissa, chairman of the Egyptian company BORAQ for Electronic Industries, and the state-run Information Technology Industry Development Agency, it said.
EGYPT NEWS