Two ministries sign protocol for supporting entrepreneurship

CAIRO - 14 August 2018: Minister of Investment and International Cooperation Sahar Nasr and Minister of Telecommunication and Information Technology Amr Talaat on Tuesday signed a protocol of cooperation on supporting entrepreneurship and boosting the potentials of innovative young business people.

The agreement is also aimed at stimulating investment in emerging companies and enhancing technological innovations.

The project comes as part of efforts exerted by the Egyptian government for backing young business people through providing them with the necessary tools to enable them to compete on international markets.

According to the agreement, a joint technical committee will be formed for creating a business context for supporting an economy which is based on creativity via using information technology, said a statement by the Ministry of Telecommunication and Information Technology.

The protocol calls for outlining a joint strategy for attracting foreign and local investments into the domain of information technology and telecommunication in Egypt.