Dr. Muhammad Azzam, a consultant for information technology management, stated that the growth rates of startups today are unprecedented. He cited companies established in 2020 that are now working with artificial intelligence and have a market value of $1000 billion. Dr. Azzam emphasized that companies capable of competing need advanced information and computing infrastructure, as well as research and development support.
Dr. Azzam highlighted the significance of incubating these companies through industry and large Egyptian companies, utilizing their products in state projects to grant them credibility and a reference for global expansion, similar to what the United States and China have done. He also stressed that the legislative framework is a major obstacle, as technological advancements precede legislation, leading to restrictive and non-stimulating regulations.
Dr. Azzam called for legislation that creates a comfortable environment, clear research and development budgets, and significant incentives for high-risk investors. He made these statements during a phone interview on the program "Wajah Al-Sahafa," presented by journalist Muhammad Ayman and produced by the Egyptian Radio and Television Union.
On the same day, Dr. Abdul Wahab Gnayim, Vice President of the Arab Digital Economy Union at the Arab League, discussed the challenges facing startups, particularly in the digital economy. He mentioned that bureaucracy hinders the growth of startups and leads to the migration of ideas.
The Egyptian Radio and Television Union has been actively covering topics related to technology and innovation. Recently, they discussed the impact of artificial intelligence on various sectors, including the economy and education. Experts have been weighing in on the benefits and challenges of AI, emphasizing the need for Egypt to develop its own AI capabilities.
President Abdel Fattah El-Sisi has been engaging with various sectors, including the military and economic leaders. On October 8, 2026, he met with the Supreme Council of the Armed Forces, emphasizing the importance of national security and development.
In other news, Egypt has expressed solidarity with Saudi Arabia, condemning recent attacks on Saudi territory. The Egyptian government has been actively participating in regional and international forums, such as the "Egypt 2026" forum, which aims to promote economic growth and development.
Key points
- Dr. Muhammad Azzam stresses the importance of information infrastructure for startups to compete globally.
- Bureaucracy is a major obstacle to the growth of startups in Egypt.
- Egypt is actively engaging in regional and international forums to promote economic growth and development.
