Adnan Ouassini, a Moroccan entrepreneur born in Tangier, established STG in 2008 in Silicon Valley in the United States through Technology Capital Invest (TCI), an investment holding company in new technologies, also founded and chaired by Adnan Ouassini.
“Morocco is in full industrial development, illustrated today by major projects in the automotive and aerospace sectors, in particular. The telephone assembly plant project is part of STG’s desire to support this dynamic as a real locomotive for the telecom sector, which still has great potential in Morocco,” Adnan Ouassini told local media “Matin-Eco”.
The plant, whose cost will be specified by the feasibility studies, will generate 250 direct and 300 indirect jobs through the development of a real ecosystem around this industrial sector, he said, noting that the company is already mobilizing 150 million DH for the development of STG Telecom for the period 2018-2019.
A network of 12 physical stores will be set up, the first of which, considered as the flagship, will be established by next August in Tangier, said Adnan Ouassini.
He said the project will be a platform for the transfer of know-how and will improve Moroccans’ access to new technologies, through an affordable offer and a variety of “high” quality technological products.
Production will be destined for local and international markets, especially the rest of Africa.
STG mainly offers products and solutions in various fields of telecommunications, in particular telephony, home automation, robotics and high-tech accessories.