By: Ahmed Allam

Cairo – Mubasher: LG Electronics aims to achieve sales of $300 million in Egypt in 2020, the company’s marketing manager Mohamed Geddawy said.

The company’s TV market share reaches 33% in the most populous Arab nation, he added on the sidelines of a conference on Thursday.

LG Electronics inaugurated a new branch with investments of EGP 15 million to foster its presence in the Egyptian market, he revealed.

Earlier in 2019, the company announced injecting new investments of about $15 million into Egypt through setting up new production lines after its investments reached nearly $240 million.