The source says that due to uncertain prospects in the West, Huawei Technologies is shifting its focus to emerging markets to expand its presence outside of China. Last year, the company was one of the three most successful suppliers of smartphones, but the company's business has suffered greatly due to various sanctions from the United States.
Earlier this year, the Chinese tech giant helped build an $ 83 million data center in Senegal. The company is focusing on these emerging markets as the US has called on various countries to remove the brand from the list of suppliers of equipment for fifth-generation (5G) networks. The United States has expressed concern about national security, actively bending over to its side European countries, Japan and Australia.
Despite this, Huawei continues to have a strong presence in emerging markets in Africa and the Middle East. At the moment, the equipment produced by the company is about 20-30% more affordable than the equipment produced by its European competitors such as Ericsson and Nokia. In addition, the telecommunications equipment manufacturer has also not given up on expanding its presence in developed countries, although it pays more attention to emerging markets.
As of 2020, the company has started implementing smart city projects in more than 700 cities in 40 countries around the world. In particular, the company participated in the construction of Dubai's 5G infrastructure.
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