The pinnacle of the Cellular Division on the Chamber of Commerce Mohamed Talaat stated he predicts the costs of cell phones to rise by 15 %, after making use of the worth of the customs tax estimated at 10 %.
The market is affected by stagnation in the course of the present interval by as much as 30 %, he added.
Throughout a Tuesday phone interview with the “Occurring in Egypt” program, broadcast on MBC Masr, he defined that the value hike applies to many different items, mentioning that the most cost effective cell now available on the market is estimated at LE200, the most cost effective good telephone is estimated at LE800, whereas the most costly cell is estimated at LE35,000.
Nevertheless he assured that the rise won’t apply to a neighborhood manufacturing facility that produces Egyptian cell phones in Egypt.
The division is engaged on speaking with officers to implement this improve in levels, particularly because the market is presently stagnating, stated Talaat.