1 February 2024
In Hungary, ICT Minister Holds Meetings with National Economy Minister, State Secretary for Bilateral Relations, 4iG Chairman to Discuss Cooperation


The Minister of Communications and Information Technology Amr Talaat has met with the Hungarian Minister of National Economy Márton Nagy, in Budapest, Hungary, in the presence of the Egyptian Ambassador to Hungary Mohamed El Shinawy.
 
The meeting delved into enhancing cooperation, exchanging experiences in the digital economy and the regulatory aspects of emerging technology adoption, and encouraging companies from the two countries to cooperate in digital technology applications. The two sides also discussed fostering cooperation in research and development (R&D), digital capacity-building, and digital innovation.
 
During the meeting, the two sides agreed to draft the cooperation framework in a Memorandum of Understanding (MoU) to be signed later between Egypt and Hungary on enhancing ICT cooperation.
 
Furthermore, the ICT Minister also held a meeting with the Hungarian Minister of National Economy, in the presence of 4iG Plc. Chairman Gellért Jászai and Telecom Egypt Managing Director and CEO Mohamed Nasr. They discussed the new express subsea cable between Egypt and Albania to be implemented in cooperation between Telecom Egypt and 4iG Plc. The meeting was attended by El Shinawy.
 
The meeting underscored the significance of bolstering Egyptian-Hungarian cooperation in international digital infrastructure, through the expansion of additional projects aimed at achieving interconnection to benefit the region.
 
The two meetings were attended by the State Secretary for Industry Policy and Technology at the Hungarian Ministry for National Economy Gergely Fábián, and the Deputy State Secretary for Technology at the Hungarian Ministry for National Economy Szabolcs Szolnoki.
 
Talaat also met with the State Minister for Bilateral Cooperation at the Hungarian Ministry of Foreign Affairs and Trade Tamás Menczer, in the presence of the Egyptian Ambassador to Hungary. They discussed strengthening bilateral cooperation and deepening Egyptian-Hungarian relations by opening new horizons for ICT cooperation. In addition, the meeting highlighted Egyptian ICT advancements.
 
In a similar vein, the ICT Minister participated in a roundtable organized by the Hungarian Export Promotion Agency (HEPA), which included various Hungarian ICT companies, in the presence of the Egyptian Ambassador to Hungary, and HEPA CEO Gábor Jenei.
 
Talaat reviewed the investment opportunities available in the ICT sector. He pointed out that the sector has achieved a growth rate of about 16.3%, becoming the fastest-growing state sector for the fifth year in a row. He underlined the country’s competitiveness as the most prominent destination for providing outsourcing services, due to its strategic geographic location and rich digital talent pool qualified to export digital services in various technological disciplines in multiple languages and at affordable prices. Egypt has secured the third spot on the Offshore BPO Confidence Index 2023, Talaat pointed out.
 
The ICT Minister pointed to the diversity of digital exports delivered efficiently to customers worldwide, including digital solutions, embedded systems, electronic design, and automotive software development. Furthermore, he called on Hungarian companies to invest in the Egyptian ICT sector.
 
Talaat also held meetings with officials from ABRIS, GitMax, and CS-Process, in the presence of El Shinawy, to discuss cooperation and investment opportunities in ICTs.
 
The meetings and the roundtable were attended by Nasr, the Assistant ICT Minister for Strategy and Implementation Sherine El-Guindy, and the Vice President for Electronic Transactions Security at the Information Technology Industry Development Agency (ITIDA) Hazem Nabil.
 
It is worth noting that the ICT Minister had visited Hungary for two days to discuss enhancing ICT cooperation between the two countries. He witnessed the signing of an agreement to create the first express subsea cable between Egypt and Albania, with the potential to reach the Balkans and Eastern and Central Europe. In addition, the ICT Minister also participated in a workshop organized by the Hungarian Ministry for National Economy and the Budapest University of Technology and Economics (BME) on the proposed Egyptian-Hungarian cooperation in emerging technologies.
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