The Minister of Communications discusses with companies from Lithuania investment opportunities in Egypt

Dr. Amr Talaat, Minister of Communications and Information Technology, during his visit to Lithuania, held an extensive meeting with Lithuania’s Minister of Economy and Creativity, Ozrini Armonati; During which they discussed ways of joint cooperation between the two countries in the field of digital transformation, the development of innovative technological solutions to achieve digital transformation in government services provided to citizens, and the support of start-ups in the field of information- and communication technology work. The meeting was attended by Karim Sherif, Egypt’s ambassador to Denmark, the non-resident ambassador to Lithuania, and Arturas Galonas, Lithuanian ambassador to Cairo.

During the meeting; Dr. Amr Talaat emphasized that Egypt sets digital transformation as a strategic goal to improve and manage government services provided to citizens. The availability of digital services to citizens is a top priority for the Egyptian government. Point out the ministry’s zeal to adopt modern technologies, support research and development and encourage technological innovation to develop applications that support digital transformation processes in all fields in a way that contributes to building a digital Egypt; Point out that nearly 150 government services have been launched on Egypt’s digital platform and made available to citizens through various outlets.

Dr. Amr Talaat also explained the efforts made to develop the communication infrastructure and increase the efficiency of the Internet at the level of the Republic, which led to an increase in the average fixed Internet speed, making Egypt the first in Making Africa into the average fixed internet. Internet speed; Take note of the ministry’s participation in the implementation of a decent life initiative by connecting fiber optic cable networks to provide high speed internet services to over 3.5 million homes; He pointed to the prosperity of the entrepreneurship sector and emerging companies in Egypt in light of the state’s interest in supporting technological innovation and entrepreneurship.

From his side; The Minister of Economy and Innovation of the State of Lithuania expressed her aspiration to promote Egyptian-Lithuanian cooperation in the field of digital transformation and building digital capabilities. It called for coordination between the two countries to enhance joint cooperation in the field of communication and information technology.

It also welcomed Lithuanian companies to invest in Egypt in the field of digital transformation and to take advantage of the abundance of outstanding young Egyptian cadres in the field of providing digital services.

Dr. Amr Talaat also met with Mendogas Oppertas, director of the Lithuanian “INFOBALT” institution, and a number of Lithuanian companies specializing in the communication and information technology industry; The meeting highlighted the promising investment opportunities in the Egyptian ICT sector and the incentives and facilities Egypt offers to attract foreign investment. The meeting was attended by Karim Sherif, Egypt’s ambassador to Denmark, non-resident ambassador to Lithuania, and Arturas Galonas, Lithuanian ambassador to Cairo.

It is noteworthy that INFOBALT includes more than 160 local and international companies, educational and research institutions, as the institution is a platform that brings together about 10,000 professionals with expertise in the field of information and communication technology.

Dr. Amr Talaat emphasized that Egypt is an attractive destination for investments in the ICT industry due to its multiple competitive advantages, especially the state’s zeal to provide the appropriate climate for the growth of investments through investment incentives in addition to the availability of young digital frameworks, which shows the interest of international companies that are in the field The communication and information technology industry to expand and develop its investments in Egypt.

Dr. Amr Talaat referred to the initiatives of the Ministry of Communication and Information Technology aimed at building the digital capabilities of the youth and improving their competitiveness in the regional and global labor markets; Point out that Egypt is rich in highly qualified youth capable of performing value-added technology services efficiently and at competitive costs.

The meeting also witnessed a review of Egypt’s digital strategy for the outsourcing industry, which aims to improve Egypt’s position in providing value-added information technology services and cross-border services and encouraging foreign investment in Egypt. Mechanisms for the organization of the visit of private sector companies in Lithuania to Egypt by the Information Technology Industry Development Authority were also discussed, to familiarize themselves with investment opportunities in the Egyptian ICT sector, and to discuss opportunities for establishing partnerships and networks between Egyptian companies and their Lithuanian counterparts.

It is worth noting that Dr. Amr Taat is currently visiting Lithuania for two days at the head of a high-level delegation. This visit comes in response to the invitation that Dr. Amr Talaat received to visit Lithuania to get acquainted with the technological development in Lithuania and its related uses, and to hold talks to improve cooperation opportunities in areas of common interest.

The meetings were attended by the Egyptian side; Dr. Ahmed Tantawy, supervisor of the Applied Innovation Center, Engineer Hazem Nabil, Executive Vice President of the Information Technology Industry Development Authority, to secure electronic transactions, and a number of leaders from the Ministry of Communications and Information Technology.

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