Egyptian Cabinet Approves on Digital Documentation Project with EGP600 mln

The Information and Communication Technology (ICT) Ministry is aiming to obtain the Cabinet’s approval on the digital documentation project tender within two months with expected investments up EGP600 million.

Eng. Mokbel Fayyad, CEO of Prosylab Company said the Cabinet agreed on the final conditions regarding the digital documentation project for databases, pointing out that the Ministry will review the project on the Cabinet in order to approve on it before offering the last tender.

Fayyad has informed Amwal Al Ghad that the project will be offered by PPP system, noting that Small and Medium Enterprises (SMEs) will be alliances to compete in the projects of the same type.

He pointed out that the firms will depend on financing the project on the banking loans in cooperation with the National Bank of Egypt (NBE), Ahli United Bank(AUB), Social Fund for Development (SFD) which signed protocol with Information Technology Industry Development Agency (ITIDA) in 2013 to provide financing up EGP450 million for SMEs.

Eng. Atef Helmy, Egyptian ICT Minister asserted that the Ministry will focus on the national projects which will be implemented through PPP system and at the top of projects the Digital Documentation in cooperation with Notary Public office and the technological zones.