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31 May 2023

PM Witnesses Cooperation Protocol Signing Ceremony on Supporting Companies in IT Sector

​Dr. Mostafa Madbouly, Prime Minister, witnessed today, at the Council of Ministers headquarters in the New Administrative Capital, the signing ceremony of a cooperation protocol between the Information Technology Industry Development Agency (ITIDA) and the General Authority for Investment and Free Zones (GAFI), regarding the support granted to information technology sector companies, in the presence of Dr. Amr Talaat, Minister of Communications and Information Technology.

The protocol was signed by Eng. Ahmed Hassan Al-Zaher, ITIDA CEO, and Mr. Hossam Heiba, GAFI CEO.

The protocol aims to coordinate and cooperate between its two parties to take the necessary measures to support investment in companies operating in the field of information and communication technology, and to exert more efforts to improve the investment environment in such vital sector.

On the sidelines of the signing ceremony, the Minister of Communications and Information Technology affirmed the continuation of attracting more local, regional and international partnerships in the field of information and communication technology, which contributes to increasing the added value of the Egyptian economy, positioning Egypt as an international regional center and a global gateway to technology based on creativity and entrepreneurship, and advancing Egypt’s position on the global map of entrepreneurship and technological innovation.

“ITIDA aims to develop the information technology industry, which has become a fundamental pillar in the development and progress of societies. ITIDA is responsible, according to the role entrusted to it, for encouraging and developing the information and communication technology industry, and contributing to the development of the entities operating in this field, with the aim of encouraging and increasing the volume of products, services and various applications in this regard.” ITIDA CEO said.

In turn, GAFI CEO referred to the unremitting efforts made by GAFI to regulate and facilitate investment in Egypt, so that Egypt becomes the best partner for financial and business entities in the world, through implementing a stimulating investment strategies in accordance with the best international practices in order to promote Egypt as a promising investment destination.