• 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 retains WHO ‘Gold Tier’ status for hepatitis C elimination

Egypt retains WHO ‘Gold Tier’ status for hepatitis C elimination

October 15, 2026
Istanbul floods shut schools

Istanbul floods shut schools

October 15, 2026
Syria blames sabotage for gas-pipeline fire near Deir al-Zour

North Korea says it tested sub-launched cruise missiles

October 14, 2026
Real Madrid secure dramatic win over Roma

Real Madrid secure dramatic win over Roma

October 14, 2026
Aston Villa thrash Fenerbahçe 6-0

Aston Villa thrash Fenerbahçe 6-0

October 14, 2026
Israeli commander surrenders in Suez Gulf

Israeli commander surrenders in Suez Gulf

October 14, 2026
PSG beat Manchester City 4-2

PSG beat Manchester City 4-2

October 14, 2026
Barcola scores hat-trick as Liverpool cruise past LASK

Barcola scores hat-trick as Liverpool cruise past LASK

October 14, 2026

Sisi calls for safeguarding Egypt’s national awareness, state stability

October 14, 2026
FPT opens office in Cairo, expanding global delivery network

FPT opens office in Cairo, expanding global delivery network

October 14, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 15, 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
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

Egypt retains WHO ‘Gold Tier’ status for hepatitis C elimination

Istanbul floods shut schools

North Korea says it tested sub-launched cruise missiles

Real Madrid secure dramatic win over Roma

Aston Villa thrash Fenerbahçe 6-0

  • 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.