• Latest
  • Trending
  • All
  • Egypt
  • Business
  • Local
  • World

MCIT: Egypt targets upping foreign investments of startups to $850m by end of 2022

July 26, 2022

Egypt, France team up to boost industrial sector

May 22, 2026
Guardiola confirms Man City exit

Guardiola confirms Man City exit

May 22, 2026
Uruguay boss exits after World Cup

Uruguay boss exits after World Cup

May 22, 2026
Wolfsburg slips closer to Bundesliga exit

Wolfsburg slips closer to Bundesliga exit

May 22, 2026
Arbeloa says will leave post

Arbeloa says will leave post

May 22, 2026
McCartney joins Colbert for ‘Late Show’ finale

McCartney joins Colbert for ‘Late Show’ finale

May 22, 2026
Egypt world-leading model in eliminating hepatitis C

Egypt world-leading model in eliminating hepatitis C

May 22, 2026
Industry

Egypt, France team up to boost industrial sector

May 22, 2026
Emery calls for bold Villa future

Emery calls for bold Villa future

May 22, 2026
Lebanon: Israeli strike kills 6

Lebanon: Israeli strike kills 6

May 22, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 22, 2026
  • Login

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

Egyptian Gazette
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
Home Egypt

MCIT: Egypt targets upping foreign investments of startups to $850m by end of 2022

by Gazette Staff
July 26, 2022
in Egypt, Business, World
Share on FacebookWhatsapp

Egyptian Minister of Communication and Information Technology Amr Talat asserted on Tuesday that Egypt was steadily progressing towards achieving comprehensive development and building “Digital Egypt”, noting that the ministry’s strategy focused on digital transformation, providing digital job opportunities for youths as well as easing all governmental measures offered to citizens.

Talat’s remarks were made at a meeting of the Lebanese-Egyptian Business Association (LEBA).

Lebanese Ambassador in Cairo Ali El Halabi, Deputy Minister of Communication and Information Technology Ghada Labib, Head of LEBA Fatallah Fawzi, senior ministry officials as well as a number of businessmen from both countries attended the meeting.

Addressing the event, Talat said the volume of foreign investments in startup companies in Egypt reached $190 million in 2020 and $490 in 2021, noting that Egypt targets to up such investments to  $850 million by the end of the current year.

He also reviewed Egypt’s efforts to implement digital transformation projects in cooperation with various state sectors with total investments amounting to dlrs 15 billion to cover the health insurance, agricultural, judicial services, real estate licenses as well as remote tourism and archaeological tours for foreigners from outside Egypt.

He highlighted the launching of a new service for e-signing which will be applied in governmental bodies moving to the new administrative capital.

The minister also said the improvement in the state’s internet services, postal services as well as the recent launching of Digital Egypt Platform by President Abdel Fattah El Sisi this month, adding that such steps would facilitate all services offered to citizens with the use of latest technologies.

Tags: EgyptForeign investmentsTargetsTop_News

Discussion about this post

ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.