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    ICT Minister During Gitex 2014: MCIT Strategy Attracts Foreign Investment

    Dubai, 13 October 2014

    In his speech at GSMA forum-during edition 34 of Gitex conference and exhibition held in Dubai on 12-16 October, the Minister of Communications and Information Technology Atef Helmy said the Ministry of Communications and Information Technology (MCIT) strategy has a priority of achieving digital socioeconomic growth in Egypt and meeting people’s aspiration of prosperity, freedom and social justice.

    The strategy aims at developing the sector and attracting more foreign investment which would create new job opportunities-as Egypt is considered an attractive place for investment, support democratic transition and counter corruption, as well as extending ICT services in remote and marginalized areas. This is in addition to improving government services and supporting the ones with special needs through utilizing IT services to integrate them into the society.

    The country’s presence in Gitex Dubai comes in line with promoting the Egyptian participation in international forums for the exchange of expertise, opening new markets for local ICT companies and promoting investment opportunities in the sector.

    In the second day of the events of Gitex, Helmy met with his Lebanese counterpart Boutros Harb and discussed means of activating mutual cooperation between the two countries and ICT joint vision in the Arab world.

    Moreover, the ICT minister met with UK Trade & Investment representatives where they conferred means of promoting mutual cooperation and the latest in the ICT field.

    Additionally, he discussed with them the ICT sector’s vision to improve the investment climate in Egypt for effective partnership in the private sector with both the public sector and civil society within the proposed projects until 2020, most important of which are technology parks and broadband internet.

    In the area of establishing and developing technology parks, Helmy viewed investment opportunities in Maadi Technology Park and prospect technology parks to be established in the various governorates in the country with both officials in Emaar Misr and Global Investment House. Both companies expressed their interest to invest in the projects.

    Egypt partakes in Gitex Dubai with a high-level delegation representing the ICT sector and 35 Egyptian companies which provide various technology solutions for their prospect clients. The event is the largest in ICT field in the Middle East, Africa and South Asia.

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