The total cost of the deal that Egyptian supply ministry signed with Microsoft Egypt is estimated at 450 million Egyptian pounds (US$50.6 million), Supply Minister Khaled Hanafy said Sunday.
Speaking to Amwal Al Ghad, Hanafy stated that by the deal, Microsoft is to link electronically around 500 wholesale outlets affiliated to the ministry as well as 40,000 retail outlets with all suppliers.
The new system is set to enable the ministry to monitor commodities and trading movement in all governorates. It will also enable the government to make suitable decisions to provide governorates spontaneously with commodities that they need.
Project’s trial is set to be launched during the Holy Month of Ramadan, minister Hanafy added.
The new system is to provide new investors with information and data about the Egyptian market in addition to determining market studies and risks it may face, Hanafy noted.