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The government believes that strong partnership between the public and private
sector is pivotal to the successful formation of an information society. As
part of this belief, providing incentives that foster an attractive climate for
investors is a primary focus.
Such a climate revolves around a deregulated environment, transparency, free
competition, and universal services. In emphasizing the importance of these
elements, all telecommunications and information technology investments fall
under investment law #8 of 1997. The law works hand-in-hand with the Telecom
Act (TA) drafted by MCIT.
The Telecom Act lays the foundation for licensing national companies for
management and operation of networks and services. Investment Law #8
streamlines the process for international companies to invest in Egypt. The
solid legal structure is complimented with MCIT’s work to create an e-friendly
society; an environment in which e-businesses can flourish and an information
society can thrive.
This environment includes: data and internet centers, a high-tech Pyramids
Smart Village, five-ten year tax exemptions, and a free zone (Telecom Hotel)
for international call centers and transit regional Internet traffic.
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