24 September 2019
ICT Minister Showcases ICT Investment Opportunities to MEDEF Int’l

The Minister of Communications and Information Technology Amr Talaat has presented the major projects and investment opportunities in the Egyptian ICT sector, and the state’s efforts to create an enabling environment for investment and encourage international ICT companies to expand in Egypt.

This came during the meeting with MEDEF International in Paris, headed by the Chairman of the Digital Task Force at MEDEF Marc Rennard, and in the presence of Egypt's Ambassador to France Ehab Badawy and representatives of a number of MEDEF affiliated companies specializing in digital economy and ICTs. They discussed avenues of cooperation between the two countries in relevant areas.

During the meeting, the ICT Minister showcased the key indicators of the Egyptian ICT sector for the year 2018/2019. He stated that the sector growth rate reached 16% and its contribution in the Gross Domestic Product (GDP) hit 4%. In addition, the sector investments growth rate reached 23%, with the volume of exports of digital services hitting $3.6 billion USD.

Talaat highlighted Egypt’s keenness on adopting new technologies, especially Artificial Intelligence (AI), Internet of Things (IoT), computing and data science. He added that Egypt has devised a strategy for AI, which aims to help create a base of AI experts, data scientists and developers, and work out innovative technological solutions to overcome economic and social challenges.

Moreover, the ICT Minister presented the pillars of the strategy of the Ministry of Communications and Information Technology (MCIT), which targets achieving digital transformation and building digital capacities. He referred to the efforts exerted to develop the ICT infrastructure, as well as the major e-government services launched in Port Said governorate as a pilot project, which are expected to reach 174 digital services provided through various platforms, with the project to expand in other governorates later.

Talaat also referred to MCIT major projects and initiatives that aim to qualify human calibers in modern technology and promote technological innovation and entrepreneurship through establishing technology parks nationwide.

This is addition to carrying out a number of incubation programs for promising startups, creating enabling communities for technological innovation nationwide, and establishing the Knowledge City in the New Administrative Capital, that will focus on emerging technologies, as well as implementing projects for research cooperation between academic institutions and research and innovation centers specialized in advanced technologies integration.

A number of projects that aim to create an integrated society are underway, stated Talaat.

Furthermore, the ICT Minister underlined Egypt’s eagerness to implant electronics industry to meet the needs of digital transformation national projects, and referred to the several success stories of local and international companies specializing in this field. He highlighted the state’s efforts in developing the legislative system, including issuing the Anti-Cybercrime Law and drafting laws on personal data and e-transactions protection.

Talaat also stated that Egypt is keen on cooperating with African countries through supporting a number of initiatives to integrate ICT in the development process, the most considerable of which is cooperation in capacity building in advanced technology through MCIT affiliated educational institutions.

This is in addition to establishing Africa's Regional United Nations Technology Innovation Lab (UNTIL), and launching the Unified Digital Platform for African Constitutional Courts that connects judicial bodies all over Africa. MCIT is also implementing the African App Launchpad (AAL) initiative that targets qualifying Egyptian and African youth in digital games and apps programming.

MEDEF International brings under its umbrella over 8000 French companies. It is oriented towards boosting the growth of French companies and developing their skills in trade exchange, technological cooperation, building long-term partnerships, and finding investment opportunities overseas.

The ICT Minister held a series of bilateral meetings with representatives of a number of MEDEF affiliated companies that showed interest in expanding their business and investing in Egypt.

The meetings were attended by the CEO of the Information Technology Industry Development Agency (ITIDA) Hala El Gohary, the Associate Minister for Networks and ICT Infrastructure Hossam El-Gamal, the ICT Minister’s Advisor for AI Golestan Radwan, and a number of MCIT officials.

These meetings come within the framework of the ICT Minister’s visit to France, heading a high level delegation, where he meets with government officials and representatives of international ICT companies, to discuss enhancing cooperation in relevant fields.

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