Egypt’s ICT Minister counts on Cairo ICT 2016 in marketing new investment opportunities

Minister of Communications and Information Technology, Yasser ElKady, said he counts on the 20th round of Cairo ICT 2016 to market the current projects in Egypt’s ICT sector.

The iconic event is also expected to attract more foreign investment, especially after successfully launching 4G licences and the completion of the first phase of two technological parks in Borg El-Arab and Asyut.

The Ministry of Communications and Information Technology aims to increase the volume of its exports to $3bn over the next three years.

El-Kady further added that his ministry is relying on several fronts in order to stimulate foreign direct investment in the coming period, especially in the electronic manufacturing sector.

He noted that sovereign authorities are currently freeing up the frequencies earmarked for the 4G services, in cooperation with the National Telecommunications Regulatory Authority in accordance with a clear timetable, adding that 4G will be officially activated before the end of this year.