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    Russia ICT Minister Visits Maadi Technology Park, Calls for Experience Exchange

    Cairo, 2 March 2016

    The Minister of Communications and Mass Media of the Russian Federation Nikolai Nikiforov visited, today, Maadi Technology Park to get to know the Egyptian experience in establishing and managing technology parks. He was received by the Chairman of Maadi Technology Park Mohamed Abdel Wahab.

    Nikiforovís visit to Maadi Park is part of his visit to Egypt, where he heads an official delegation at the invitation extended to him by Egyptís Ministry of Communications and Information Technology (MCIT) to strengthen cooperation in ICT areas between the two countries.

    During the visit, Abdel Wahab presented the project of increasing the number of technology parks nationwide in order to create a supportive and effective working environment for investment, provide excellent job opportunities for youth and increase exports of value-added IT services. He also displayed a detailed explanation of Maadi Technology Park maquette, indicating the Parkís purposes, activities and available and expected investment opportunities.

    For his part, Nikiforov ascertained that Russia has experience in establishing technology parks, calling on experts and businessmen to exchange visits between the two countries in order to promote investments and transfer expertise in technology parks projects.

    The Russian minister conducted an inspection tour in the technology park, visiting the ICT service companiesí complex, "MB4 building", recently inaugurated by President Abdel Fattah el-Sisi. During his tour, Nikiforov met a number of Russian-speaking Egyptians, specialized in providing outsourcing services for Russian companies.

    Maadi Technology Park is located on an area of 75 acres. The establishment of 11 buildings out of 38 has been completed. The current staff is 10,000 employees, and the project is expected to provide job opportunities of up to 40,000 direct job opportunities and 100,000 indirect opportunities by 2018. Areas for private sector have been offered in the park, and six out of eight companies have been qualified to the project tender; lands are due to be offered early April.

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