The Minister of Communications discusses with Latvia’s Minister of Foreign Affairs opportunities for cooperation and investment in information technology






Posted on: Tuesday, 14 June 2022 – 10:44 | Last update: Tuesday, 14 June 2022 – 10:44

Talate: Opening new horizons for investment cooperation and exchanging experiences between the two countries in the field of communication and information technology
• Ritkevich: The communication and information technology system in Egypt and Latvia is fully qualified to consolidate relations of cooperation and partnership between the two countries.

Dr Amr Talaat, Minister of Communications and Information Technology, received the Minister of Foreign Affairs of the Republic of Latvia Edgers Ritkevich, who is currently visiting Egypt, at the head of an official and commercial delegation that includes large companies in Latvia; During the meeting, they discussed mechanisms to consolidate bilateral cooperation relations between Egypt and Latvia and to explore opportunities for cooperation and investment in the communications and information technology sector. The meeting was attended by the Ambassador of Latvia to Cairo, Elmars Predix, and a number of executive leaders at the Ministry of Communications and Information Technology.

At the beginning of the meeting, Dr. Amr Talaat welcomed the visit of the Minister of Foreign Affairs of the Republic of Latvia to Egypt and his efforts to strengthen relations between the two countries and increase cooperation in the various fields of communication and information technology, especially as Latvia Egypt’s largest trading partner among the Baltic countries. He praised the progress Latvia has made in the field of communication and information technology in recent years.

Talaat also stressed the importance of opening new horizons for investment cooperation and the exchange of experiences between the two countries in the relevant areas. He explained that the ICT sector in Egypt enjoys large and diversified investment opportunities. This is in light of the Egyptian state’s zeal to achieve its digital transformation strategy in all sectors.

He referred to the efforts of the Ministry of Communications and Information Technology to build a base of young digital frameworks and improve their competitive capabilities to operate in global markets, providing opportunities for cooperation between the two countries through the use of Egyptian skills in the communication and information technology sector in Latvia.

He said that this meeting was a starting point for further discussions between the two countries at the level of relevant government institutions and private sector companies in both countries to agree on the implementation of a number of cooperation projects, the exploration of opportunities and the insistence on the establishment of economic partnerships. in collaboration between Latvian companies and their Egyptian counterparts. He stressed that investment facilities and incentives would be provided, to overcome obstacles faced by Latvian companies in the Egyptian market, and to work for the successful partnerships between Egyptian and Latvian companies specializing in communications and information technology. make.

On the other hand, the Minister of Foreign Affairs of the Republic of Latvia stated that both Egypt and Latvia share the relentless pursuit of the challenges facing the world today, as well as their relentless pursuit of the great opportunities that modern technology offers to tackle these challenges. It offers several opportunities for cooperation between the two countries. He expressed his desire to improve cooperation between the two countries in the field of communication and information technology, especially as the communication and information technology system in Egypt and Latvia is fully qualified to consolidate cooperation and partnership relations between the two countries.

The Latvian Ambassador to Cairo, Ilmars Predix, indicated the Latvian side’s interest in strengthening bilateral and regional cooperation with Egypt, especially in view of the interest of a number of Latvian companies in exploring aspects of joint cooperation and benefiting draws from young talents in Egypt.

After the meeting, the two ministers chaired a round table chaired by the Egyptian side, Dr. Sherif Farouk, President of the National Postal Authority, Ing Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA), Ing. Sherine included. El-Gendy, Assistant Minister of Communications and Information Technology for Strategy and Implementation, and Eng Mohamed Nasr El-Din Musaed The Minister of Communications and Information Technology for the International Information Infrastructure, Dr Hossam Othman, Adviser to the Minister of Communications and Information Technology for Technological Innovation, Electronic Industry and Training, Engineer Ihab Abu Bakr, Vice President of the National Postal Authority for Digital Transformation, and Ivita Strubkaja, Deputy Director of the Investment and Development Agency in Latvia, with the participation of a number of officials of large companies in Latvia; Where they reviewed investment opportunities and proposed partnerships between the two countries in a number of fields of communications and information technology, including financial technology, digital innovation, cyber security and research and development.

Latvian companies have expressed their desire to get acquainted with the Egyptian communications and information technology market and their desire to network with Egyptian companies operating in this sector, which is one of the most promising and growing markets in previous years, according to specialized international reports.

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