10% growth in revenues for Nokia’s infrastructure sector in Q2 2014: CEO

Nokia Solutions and Network’s strategy in the Egyptian market is based on three main points, which represent the most vital commercial process for Nokia, said CEO Osman Abou-El-Nasr in an interview with Daily News Egypt. These points include: remedying networks and techniques; network and programming solutions; and marketing strategy.

According to Abou-El-Nasr, communications sector investments have witnessed a relative recovery compared to the past three years, where the company saw a scarcity of hard currency and a lack of security. He added that the company’s revenue rates grew last year, and will continue to see a growth in profits next year, compared to the losses suffered during 2011-2012.

In the past, Nokia’s global strategy in the Middle East included creating a regional headquarters in Egypt to manage operations in the Middle East and North Africa, and constructing a factory for mobile network construction and associated equipment. However, after the Internet and communications outages during the 25 January Revolution, the company re-evaluated its plans, and relocated its headquarters to Dubai.