The Egyptian government, committed to the digital transformation of the country, has planned to invest $ 797 million for this purpose in 2020. The amount, unveiled on August 15 by Finance Minister Mohamed Maait, was provided for in the current budget.
According to Mohamed Maait, the Egyptian Minister of Finance, the government has allocated the sum of 12.7 billion Egyptian pounds ($ 797 million) for digital transformation in its 2020/2021 budget.
The minister who spoke on August 15, 2020 said that one of the future benefits of this digitization is the electronic management, by the system of logistics centers, of 90% of Egyptian imports and exports by the end of December 2020. An advance that will reduce (to less than five days) the time it takes to release shipments and the cost of customs clearance.
The digital transformation project mentioned by Mohamed Maait – in line with Egypt’s development vision for 2030 which makes ICT and digital technology an essential pillar of national growth – aims to strengthen governance and the judicious management of state resources and stimulate investment.
According to the Ministry of Communication and Information Technologies, thanks to the 6 billion Egyptian pounds that have already been injected into the national digitization project, 5,300 government buildings across the country have already been connected to optical fiber.
Source Ecofin Agency