26 August 2022
ICT Minister Discusses Cooperation in DX with Lithuanian Economy Minister, Talks Attracting Investments with INFOBALT


The Minister of Communications and Information Technology Amr Talaat has visited Lithuania and held an extensive meeting with the Minister of the Economy and Innovation of the Republic of Lithuania Aušrinė Armonaitė. They discussed enhancing cooperation between the two countries in adopting digital transformation, developing innovative technological solutions to achieve digital transformation in government services provided to citizens, and supporting ICT startups.
 
The meeting was attended by Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to the Republic of Lithuania (and in the Kingdom of Denmark) Mohamed Karim Fouad Sherif, and Ambassador of the Republic of Lithuania to Egypt Artūras Gailiūnas.

During the meeting, the ICT Minister emphasized that Egypt sets digital transformation as a strategic goal to improve and govern the government services provided to citizens. He added that the top priority for the Egyptian government is to provide digital services to citizens.
 
The ICT Minister pointed to the Ministry of Communications and Information Technology (MCIT) keenness to adopt modern technologies, support research and development (R&D), and foster technological innovation to develop applications that support digital transformation processes in all fields, thus contributing to building Digital Egypt. He stated that nearly 150 government services provided to citizens have been launched on the Digital Egypt platform, through multiple outlets.
     
Talaat also showcased the efforts made to develop the ICT infrastructure and raise the efficiency of the Internet nationwide. These efforts helped boost Internet speed, placing Egypt at the forefront of African countries in the median fixed broadband speed.
 
Talaat referred to MCIT participation in implementing the "Decent Life" presidential initiative, through the establishment of fiber-optic cable networks to provide high-speed Internet services to more than 3.5 million homes. He also pointed to the growth of entrepreneurship and startups sector in Egypt since Egypt strives to support technological innovation and entrepreneurship.

For her part, the Minister of the Economy and Innovation of the Republic of Lithuania expressed her aspiration to promote Egyptian-Lithuanian cooperation in digital transformation and digital capacity-building. She also called for enhancing coordination between the two countries to strengthen cooperation in ICTs.

Armonaitė also commended that Lithuanian companies have invested in Egypt in digital transformation and capitalized on the abundance of distinguished Egyptian talents in providing digital services.

In a similar vein, the ICT Minister met with INFOBALT Director Mindaugas Ubartas and various Lithuanian companies specialized in the ICT industry. Sherif and Gailiūnas attended the meeting. The meeting highlighted the promising investment opportunities in the Egyptian ICT sector and the incentives and facilities that Egypt provides to attract foreign investments.
 
It is noteworthy that INFOBALT includes 160+ local and global businesses, and educational and research institutions. INFOBALT represents a platform that includes about 10,000 professionals with expertise in ICT.
 
The ICT Minister highlighted that Egypt is an attractive ICT industry destination for investments due to its multiple competitive advantages, most notably the state’s keenness to create an enabling environment for investment by providing investment incentives as well as young talents specialized in digital fields. He also pointed to the interest of global ICT companies to expand and develop their investments in Egypt.

Talaat referred to MCIT initiatives that aim to build the digital capabilities of youth and enhance their competitiveness in the regional and global labor market. The country enjoys a large base of highly qualified young people capable of exporting value-added technological services efficiently and at an affordable price, he remarked.
 
The meeting reviewed Digital Egypt Strategy for the outsourcing industry, which is aimed at enhancing Egypt’s position in providing value-added IT and offshoring services and fostering foreign investment in Egypt.
 
Moreover, the two sides discussed mechanisms of organizing the visit of the Lithuanian private sector to Egypt, through the Information Technology Industry Development Agency (ITIDA), to explore closely investment opportunities in the Egyptian ICT sector. They also explored opportunities for establishing partnerships and promoting networking between Egyptian and Lithuanian companies.

It is worth noting that the ICT Minister is currently paying a two-day visit to Lithuania, heading a high-level delegation. The visit comes in response to an invitation to the ICT Minister to visit Lithuania. It aims to closely explore the technological advancement in Lithuania and hold talks to enhance cooperation in areas of common interest.

From the Egyptian side, the meeting was attended by Head of Applied Innovation Center (AIC) Ahmed Tantawy, the Vice President for Electronic Transactions Security at the Information Technology Industry Development Agency (ITIDA) Hazem Nabil, and various MCIT officials.

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