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Cabinet officials

Egypt's Ministry of Planning and Economic Development Emphasizes the Importance of Digital Transformation

Strategic Insights

— 1 min read

Egypt's Ministry of Planning and Economic Development has prioritized digital transformation, with Deputy Minister Ahmed Kamaly highlighting the growing demand for technology in all sectors. Kamaly emphasized the importance of implementing comprehensive digital transformation in Egypt, focusing on the production of digital technology and information technology. He also shed light on the state's interest in supporting vocational training and education, with the establishment of nine technological universities in Egypt.

Key Takeaways:

  • The Egyptian state is committed to implementing comprehensive digital transformation, with a focus on the production of digital technology and information technology.
  • The communications and information technology (CIT) sector has enjoyed a doubled growth rate over the past three years, with government investment directed to this sector amounting to approximately 6.7% of the country's total investment.
  • The largest percentage of government investment is directed to infrastructure and improving the IT sector's network in Egypt, with a total rate of foreign direct investment (FDI) pumped into this sector reaching 3.7% during fiscal year (FY) 2019/20.
  • The Egyptian state is working on using technology in social protection, through the use of automated cards to distribute subsidies, and satellite technology to monitor national projects underway.
  • The emergence of the novel coronavirus (COVID-19) pandemic has highlighted the importance of digital transformation, leading to the state intensifying its efforts to implement digital transformation in various fields.
  • There is a pressing need to bridge the "digital divide" and exacerbate inequalities, both inside Egypt and outside, by increasing investments in this vital sector and improving access to technological means to include the entire society.

Statistics:

  • The communications and information technology (CIT) sector has enjoyed a doubled growth rate over the past three years.
  • Government investment directed to the CIT sector amounts to approximately 6.7% of the country's total investment.
  • The largest percentage of government investment is directed to infrastructure and improving the IT sector's network in Egypt.
  • The total rate of foreign direct investment (FDI) pumped into the CIT sector reached 3.7% during fiscal year (FY) 2019/20.
  • Nine technological universities have been established in Egypt to support vocational training and education.

Sources:

  • "Industrialization in the Digital Age: Main Results and Visions of the Industrial Development Report 2020" by the United Nations Industrial Development Organization (UNIDO) | Source: UNIDO
  • Speech by Deputy Minister Ahmed Kamaly at the "Industrialization in the Digital Age" event | Source: Daily News Egypt

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