Egyptian President Abdel Fattah Al-Sissi has stressed the importance of attracting investments in cloud computing and artificial intelligence, as well as constructing large data centers, which are considered a fundamental pillar of the digital economy. This came during a meeting with Prime Minister Mostafa Madbouly, Minister of Communications and Information Technology Raafat Hendy, and the head of the armed forces' transmission unit, Hany Mansour. The meeting focused on modernizing the telecommunications market, deploying 5G networks, and optimizing infrastructure resilience.
The Egyptian government aims to increase its digital exports to $8 billion by 2028, according to Minister of Communications Raafat Hendy. He reviewed the sector's performance, highlighting that the country also targets $12 billion in outsourcing services exports by 2029. Additionally, Egypt plans to have 120 companies specializing in designing electronic components by 2030. These goals are part of the country's strategy to develop its digital economy and enhance its position in the global technology market.
During the meeting, President Al-Sissi also followed up on the latest developments regarding the unified government services card, which serves the state's strategy for digital transition and simplifying citizens' access to services. The card is expected to maximize development returns and amplify the societal impact of cutting-edge technologies, particularly through the role of the Applied Innovation Center. This center plays a crucial role in fostering innovation and applying new technologies in various sectors.
The Egyptian government is planning to construct a $1 billion data center for artificial intelligence in partnership with Nvidia. This project is part of the country's efforts to enhance its digital infrastructure and create a favorable environment for technology companies. The new data center will support the growth of the digital economy and provide advanced services to various sectors.
President Al-Sissi has also called for the modernization of the telecommunications market, including the deployment of 5G networks. This move is expected to improve internet speeds, increase connectivity, and provide better services to citizens and businesses. The president emphasized the need to optimize infrastructure resilience to ensure the smooth operation of digital services.
Egypt is also planning to establish a new submarine cable in the Sinai Peninsula to enhance data transit between the Mediterranean and Red Seas. This project aims to increase the country's capacity for data transmission and support the growth of its digital economy. The new cable will provide a secure and reliable route for data transmission, boosting Egypt's position as a hub for digital services in the region.
The Egyptian government has announced plans to privatize the management of its airports for 30 years. This move is part of the country's efforts to attract private sector investments and improve the efficiency of its airport operations. The privatization plan is expected to enhance services, increase passenger capacity, and boost the country's tourism industry.
Key points
- Egypt aims to increase its digital exports to $8 billion by 2028.
- The country plans to construct a $1 billion data center for artificial intelligence in partnership with Nvidia.
- President Al-Sissi emphasizes the need to attract investments in cloud computing, artificial intelligence, and data centers to boost the country's digital economy.
