Egypt’s Mobile Division announces increase in prices by 30 percent
The Vice President of the Mobile Division at Cairo Chamber of Commerce Walid Ramadan announced on Friday that while applying governance procedures to the process of introducing mobile phones to the local market is a good thing, it requires implementing other procedures so that it does not negatively impact the market presently.
Ramadan added that implementing the decision in its current form has led to confusion in the local market, adding that mobile phone prices have witnessed an increase of between 10-30 percent, for various models.
This decision will lead to a decline in supply in the market, he said, which will push prices to rise as a natural reaction, expecting the results to be evident within a month from now.
Ramadan explained that if the decision was aimed at encouraging local mobile phone factories, there are other mechanisms that can be applied.
These companies currently get an advantage, he said, which is that the percentage of fees imposed on locally manufactured mobile phones reach about 25 percent, while the percentage reaches 38 percent on imports from abroad.