Egypt promotes investment and digital transformation at multiple business events

Egyptian officials and business groups are actively promoting the country as an investment destination and hub for new technology. The Minister of Industry said Egypt is positioned to become a regional center for car manufacturing, while other events focused on attracting investment from India and Japan and boosting tourism.

Separately, the government is pushing a digital transformation agenda. The Information Technology Industry Development Agency (ITIDA) relaunched a startup support platform called 'Egypt Innovate,' and a major conference featured discussions on how artificial intelligence (AI) is reshaping industry and finance. The government also signed a $3.5 billion deal to upgrade the country's telecommunications spectrum.