Digitization
This meeting comes within the framework of the government's keenness to coordinate permanently with the Egyptian Stock Exchange, and to adopt and support ambitious plans aimed at achieving financial and investment inclusion, and facilitating services through digital transformation, to increase the Egyptian market's ability to attract investments.
The minister made his remarks at an event held Thursday to mark the successful launch of the first and second phases of the unified automated tax procedures system in cooperation with IBM Corporation and its strategic partner SAP.
The Minister of Communications presented a review on a number of ongoing projects in the communications and information technology sector. He briefed the President on the project of establishing a knowledge city in the new administrative capital, Rady said.
Maait added that the Ministry of Finance has made great strides in modernizing and mechanizing the customs system by modernizing the legislative structure by issuing the new customs law and its executive regulations, and implementing the “single window” system.
Two accelerators that are affiliated with Egypt Ventures witnessed 60 startups graduate from Falak Startups, with a value of LE 31 million, while 23 companies graduated from EFG-EV Fintech, with a value of LE 35 million in 2021.
In press statements, he added that this will help Egypt turn into an international logistical hub that is based on using modern technology for benefiting from the excellent geographical location of the country.
Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.
The Ministry is still working in the first stage of digitizing the litigation system. It would be applied firstly in the courts of the Fifth Settlement, New Cairo.
She pointed out to the importance of spreading the culture of industrial digitization in all the Egyptian industrial sectors.
The public business sector minister said that the agreement comes in light of the leading digitization experiment adopted by his ministry as well as its experience in dealing with the international companies in this regard.
Sisi on Sunday urged drafting a national project to identify and care for talented people in the Egyptian society in the scientific and academic fields.
The ceremony was attended by Minister of Local Development Mahmoud Shaarawi and Minister of Communication and Information Technology Amr Talaat.
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