Cairo – Mubasher: Eng. Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA), reaffirmed the government’s zeal to improve cooperation with the private sector and civil society organizations to improve growth processes in the Egyptian information technology sector, noting that the government’s work strategy focuses on 3 axes, namely the development of markets, the creation of an ecosystem and business climate, and the development of digital skills.
In his speech at the annual conference of the Chamber of Information and Communication Technology Industry “A Digital Homeland”, Mahfouz said that the government is working to promote the growth of the knowledge economy in the sector and create opportunities for Egyptian youth through their digital to refine. skills and enables them from the free labor market to run its knowledge services, as well as to sponsor entrepreneurs and incubate innovative start-ups, in addition to jobs available in Egypt’s booming IT market, according to the Middle East News Agency .
Mahfouz added that the huge investments in the Egyptian technological infrastructure worth $ 2 billion, in addition to investments in the energy sector worth $ 10 billion, noted that investments in digital skills and frameworks contributed to the improvement of Egypt’s position globally and its flexible response during the pandemic, and that the government is monitoring a growing interest from both international companies to invest in the Egyptian outsourcing sector, as well as in the volume of expansions for existing international companies, in addition to new companies joining the Egyptian market.
Mahfouz explained that the current challenges of supply chain disruption and the reconfiguration of the supply chain for many industries the need to improve cooperation and integration in the light of the capabilities and capabilities that Egypt enjoys and qualifies it to take advantage of the opportunities available. which can seize the communications and information technology sector, especially in the cross-border services industry, which plays Egypt plays a crucial role through its ability to bridge the digital skills gap worldwide.
The CEO of the government pointed to Egypt’s digital strategy for the outsourcing industry, which was launched by the government to double the volume of outsourcing industry exports and create more than 215,000 jobs over the next five years, including incentives to local companies for the first time in exchange for appointing more cadres in export-oriented positions and activities.
He explained that the strategy works on 3 axes: marketing and promotion, creating a business environment, developing skills and improving Egypt’s competitive position, after studying 10 competing countries, in addition to training based on demand in the local and global market, noting that the focus is on call center services, information technology services and electronic design and embedded software.
Mahfouz said the government, in collaboration with the Chamber of Information Technology Industry, Etisal Association and Nile University, had signed a co-operation agreement with the Center for the Promotion of Imports from Developing Countries (CBI) of the Dutch Ministry of Foreign Affairs, launched a comprehensive program to develop the export capabilities of Egyptian small and medium-sized companies working in the field of information technology. He pointed out that 89 companies applied for the program, 38 of which were selected for review and audit before the final list is selected and started. this promising program, which will take about 3 years for the beneficiary companies to be eligible to penetrate European markets.
Mahfouz pointed out that the government, through the export support program during its previous sessions, provided about 550 million Egyptian pounds as export support, which benefited more than 250 local companies.
Mahfouz added that the software engineering evaluation and accreditation center in government has developed a framework and a standard reference structure in digital transformation in the software industry DX4SW to develop local companies in this field and to evaluate 25 companies for their competitiveness to improve, in addition to the center’s efforts involved in building the capabilities of local software companies through certificates of accreditation of the claim model Quality built-in CMMI for small and medium software companies.
Regarding entrepreneurship and the emerging companies sector, Ing Amr Mahfouz said that investments in emerging companies amounted to about $ 380 million, at a rate in the first half of this year, with a growth rate of 190% compared to the same period last year year. year.
Mahfouz said the government has developed a comprehensive five-year strategy 2025-2021 in collaboration with consulting firm Deloitte, to maximize the benefits of the emerging corporate sector, develop an integrated technological innovation system and improve the entrepreneurship environment by innovating solutions. couple. with local, regional and global demand and attract more venture capital funds to invest in Egypt, ensuring easy access to skills, pointing out that this sector is experiencing a surge in the volume and rates of foreign investment, which amounted to 77%, the highest in the region, reflecting the confidence of venture capital funds in the Egyptian entrepreneurship climate and the excellence of innovative solutions and ideas based on information technology.
At the end of his speech, Mahfouz highlighted the government’s efforts related to the expansion of the electronic signature system and the spread of the uses of electronic signature to control electronic activities and transactions, which contribute to the achievement of the digital Egypt- strategy, noting that the government doubles the number of companies licensed to provide the service a few months ago, to become 4 Egyptian companies in addition to the Ministry of Finance, which is authorized to provide the electronic signature and electronic stamp for Egyptian to issue state employees.
The government’s statistics confirm the steady growth in the volume of electronic signature transactions in Egypt, where it was estimated at about 3 million transactions during the year 2020, after which it reached more than 153 million during 2021, and then exceeded 135 million transactions in the first . four months of this year.
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