Egypt reviews trade register mechanising, digital documentation projects

Egypt’s Ministry of Communication and Information Technology (MCIT) will revise terms of a number of partnerships between public and private sector (PPP), a source with knowledge in the MCIT told Amwal Al Ghad.

Mechanising trade register and digital documentation projects were expected to cost 1.1 billion Egyptian pounds and 700 million pounds, respectively. Actual costs will exceed the anticipated due to Egypt’s dollar shortage and the application of VAT yet it would be a slight rise because these projects will be financed mainly in Egyptian currency.

 The source further added that mechanising trade register and digital documentation are considered services projects which do not need huge capital investment costs. Moreover, they do not depend on hard currency except for importing few tools, software, and equipment overseas. 

In cooperation with Ministries of Finance, Communications, Supply and Internal Trade, the projects will be implemented by four main qualified coalition including Dallah Albaraka Group, ALCAN Group, alongside an Egyptian Coalition involving Integrated Technology Systems company and its affiliates and a coalition from UAE .