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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.
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