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    During Arab Economic Forum, ICT Minister Highlights Significance of Arab Cooperation in ICTs

    Lebanon, 3 May 2019

    The Minister of Communications and Information Technology Amr Talaat, during his participation in the first session of the 27th edition of the Arab Economic Forum, has underlined that developing human capital and building the Egyptian citizen are Egypt’s priorities, through building youth capacities and developing digital skills.

    Talaat highlighted the ICT sector role in contributing to achieving economic and social development, providing an integrated system of training, supporting creativity and innovation, and carrying out projects that help create decent job opportunities.

    The Forum was inaugurated by Prime Minister Mostafa Madbouly, Lebanese Prime Minister Saad Hariri, and Secretary General of the League of Arab States (LAS) Ahmed Aboul Gheit, and organized by Al Iktissad Wal Aamal Group. More than 600 participants from over 20 countries participated in the Forum.

    The Forum was attended by Minister of Investment and International Cooperation Sahar Nasr, Minister of Trade and Industry Amr Nassar, Executive Secretary for the Economic and Social Commission for Western Asia (ESCWA) Rola Dashti, Chairman of the Committee on Economic Cooperation and Development at the German Bundestag (Parliament) Peter Ramsauer, and CEO of Al-Iktissad Wal-Aamal Group Raouf Abou Zaki.

    Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour chaired the session.

    The ICT Minister referred to the State’s efforts to support technology trends and keep up with their global developments to achieve the transition to a digital economy. He added that international partnerships are being sought to implement the national strategy for Artificial Intelligence (AI) over three to five years.

    In addition, Talaat said that several initiatives are being carried out, with the aim to develop youth’s digital skills. The most prominent initiatives are establishing technological innovation hubs in universities, providing different training programs that aim at honing the youth’s skills in ICTs, especially software, integrated systems, and other specialized technology fields, and promoting research and development (R&D) activities.

    The ICT Minister, also, added that the Knowledge City is being established in the New Administrative Capital, and an enabling environment for investment is being created. He referred to the great opportunities to enhance Arab cooperation in ICTs, especially in building capacities, and promoting joint cooperation in Arab markets for companies specializing in this field, especially Small and Medium-sized Enterprises (SMEs).

    Moreover, Talaat referred to the several success stories of companies operating in Egypt in value added services, including R&D, electronics design, and integrated software. He presented promising investment opportunities in the ICT sector, especially in electronics industry, as work proceeds to implant this industry through achieving an added value for different products.

    Talaat, also, added that Egypt is keen on developing a strong position on the map of the big data centers industry, to become an international digital hub. In addition, Egypt has achieved significant progress in IT services, and ranked one of the top countries in the global outsourcing map with its competitive advantages in this field, which made it one of the main and preferred destinations for global investments in this field.

    Furthermore, the ICT Minister stated that numerous projects are being carried out, in cooperation with the State institutions, and through national and international partnerships, to achieve digital transformation. This aims to rationalize the State resources, improve the quality of services offered to citizens, fight corruption, and achieve social justice.

    Talaat, in addition, asserted that the Ministry of Communications and Information Technology (MCIT) is eager to provide a strong and secure information infrastructure all over Egypt, to support digital transformation processes, enhance financial inclusion, promote digital solutions integration and make them available for all segments of society through e-payments.

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