MCIT Egypt Reviews Its National Projects On Cabinet With EGP 70 bln Revenues

Eng. Mokbel Fayyad, CEO of Prosylab Co. , said the Information and Communication Technology Ministry (MCIT) reviewed its projects on the Cabinet.

Fayyad added to Amwal Al Ghad that the most important project is the registration of Real Estate building units with expected investments up EGP 5 billion, and EGP 70 billion revenues to be implemented within the coming ten years.

Fayyad has pointed out that the project is considered to be a great jumping for the Egyptian Market in the economic and social sectors.

Fayyad has emphasized that 7 firms which operating in ICT sector prepared a plan to sign 40 million residential units with EGP 5 billion, noting that the revenues of the project may reach EGP 70 billion.

The business firms which formed by the Ministry Before June 30 demonstrations have focused on many projects , asserting that the current reshuffle Cabinet will help to adopt new projects, describing the regime of the Ousted President Mohamed Morsi ‘Not encouraging ’for the mentioned projects, saying the Ministry did not offer any tenders since 6 July.