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    ICT Minister Meets USEBC, AmCham Members

    Cairo, 25 October 2018

    The Minister of Communications and Information Technology Amr Talaat has participated in the meeting organized by the American Chamber of Commerce (AmCham), attended by representatives of major US companies, members of the US-Egypt Business Council (USEBC) and AmCham in Cairo.

    During the meeting, Talaat ascertained that Egypt is a promising market and has a supportive investment climate that promotes the growth of business organizations and companies and attracts more international investments. He called on US companies to invest in projects currently being implemented in the ICT fields.

    The ICT Minister reviewed, during the meeting, the Ministry of Communications and Information Technology (MCIT) most important projects and future plans for developing the ICT sector, targeting increasing the sector's contribution to the GDP to 5% over the next three years.  It seeks to increase the exports of IT services, since Egypt is one of the most promising countries in the outsourcing industry for its competitive advantages. He added that the largest submarine cable network in the world passes through Egypt, connecting Asia, Europe and Africa, which represents a real added value and opportunity to establish big data centers.

    In addition, Talaat reviewed the projects implemented by MCIT in cooperation with the Statesí other agencies and institutions to realize digital transformation and provide electronically the government services to citizens through connected channels such as mobile applications, e-government portal, call centers and post offices. He stated that a number of 60 databases were linked throughout the Stateís various sectors.

    The ICT Minister added that MCIT cooperates with the Central Bank of Egypt (CBE), to implement the unified payment card project, which is linked to a bank or post office account, aiming to achieve financial inclusion. Through this card, Egyptian citizens can receive their salaries, pension or any other benefits they are entitled to receive from the government, including the support programs such as Takaful and Karama program.

    The role of Egypt Post is also being reworked to play a vital role in contributing to the concepts of financial inclusion and supporting digital transformation processes by providing modern services beyond the traditional style of postal services through 4,000 offices nationwide.

    The ICT Minister referred to the programs implemented by MCIT and its facilities to train young people and build a generation capable of advancing the telecommunication and digital technology industry. He said that there is an ambitious plan to build capacities and support the creativity and entrepreneurship of 45,000 young people and to encourage the youth to innovate and support the technological incubators and business accelerators system via providing training on various technologies systems and programs.

    He, also, referred to the cooperation with the Ministry of Higher Education and Scientific Research in launching technological innovation hubs with integrated technical equipment in a number of universities. He stated that these hubs are designed to stimulate creativity and develop entrepreneurship through a system gathering the corporate sector, academics, Small and Medium Enterprises (SMEs), where SMEs cooperate with academics in finding advanced solutions to the problems facing the major business owners in these governorates.

    Talaat added that work is under way to establish the City of Knowledge in the New Administrative Capital, which will include centers of research, science, innovation, entrepreneurship, software and computer applications, as well as centers and institutes for technological training. He pointed out that MCIT is focusing on implanting technology in the country through the deployment of technology parks, where four technology parks have been established. Several measures have been taken to maximize the use of these parks under the new investment law.

    Talaat also participated in a session that gathered representatives of ICT companies in the Egyptian-American Business Council and members of the ICT Committee of the American Chamber of Commerce in Cairo.

    The ICT Minister ascertained that the State is taking steady steps towards implanting the electronics industry, where Egypt has a great experience in the field of electronic design at the global level, which requires maximizing the benefit of this experience. He called on companies to invest and establish partnership in this industry through business plans aimed at producing 45-50% local components.

    In addition, Talat stated that as part of the State's efforts to modernize the telecommunication infrastructure, fiber optic cables were used at 2,563 schools to provide high-speed Internet services for secondary school students. He referred also to the ongoing expansion of high-speed Internet access to include health, young people and cultural centers in the areas surrounding the schools.

    The ICT Minister also highlighted the efforts exerted to issue a number of new legislations, including the issuance of the cybercrime law, the draft law on the protection of personal data approved by the Council of Ministers and the preparation of a draft law aimed at setting up guarantees for e-commerce. This is in addition to developing criteria and obligations for various electronic transactions providers.  He referred to the Stateís plan to enhance financial inclusion and the role of digital technology in contributing to reducing the informal economy and providing support to those who deserve it.


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