Events
 
2008 Events 2007 Events
2006 Events AmCham Events history
 

Ahmed Nazif at AmCham

Egypt's new Minister of Communications & Information Technology, Ahmed Nazif, was received warmly at an AmCham luncheon during which he outlined a comprehensive plan for developing Egypt's IT sector and described the role the ministry would play in it. According to the minister, realizing Egypt's ambitions on the technology front will hinge on coordinating the efforts of both the private and public sector with one goal in mind: the transformation of "Egypt from a developing country to a developed country."

Nazif's plan for Egypt's entrance into the global technology race begins with his proposed improvements to the telecommunications sector. Only by building an advanced telecommunications network, the minister believes, will the country be equipped to establish its place in the IT industry. "Our population is a young population," said Nazif, noting that the young generation of IT users demands better connectivity and rapid data retrieval. "Globalization is driving the telecommunications market," he said. "We are facing an ever-changing and dynamic situation." To facilitate the necessary changes, Nazif said, Egypt needs to ensure a healthy climate for foreign investors and a stable local economy. Noting the success of deregulation in the mobile-phone industry, he promised that his ministry would continue its efforts along those lines. While the ministry and Telecom Egypt remain unwilling to hand over the reins of the country's telecommunications industry completely, the minister said the search for ways to raise the quality of service to its millions of customers is on. Improvements include the creation of a sophisticated high-speed backbone that will provide the necessary environment for the transmission of voice and text over the Internet, as well as better service for phone subscribers.

Nazif believes that the key to his bold ambitions lies in the creation of a new telecom act, one that will empower the country's Telecommunications Regulatory Authority to oversee the licensing of foreign companies to operate private networks, while ensuring investors and end-users that the market will remain open to newcomers. Nazif also emphasized the importance of human-resource development in fields such as software development and education in the high-tech disciplines. His plans include increasing the number of individuals trained in IT resources from 500 a year to over 5,000 a year. "Each new professional trained in software development is capable of adding another $40,000 to this country's GDP," he said. The minister said he would try to make this happen with the help of private sector companies like Microsoft and Oracle, which are working with the government to provide affordable PCs and training to university graduates seeking specialized training. The minister announced the foundation of a "Smart Village" outside of Giza, where local software and Internet developers who are currently scouring the city looking for suitable office space can enjoy facilities such as modern office buildings, conference rooms and a small convention center. The 325-feddan compound will mostly likely be built through a joint effort by public and private sector investors. "There is a consensus that that the future of Egypt lies in building up this area," said Nazif, speaking of the IT sector at large. "The future has started today."

Top

   
         Site Developed and Maintained by the Business Information Center of AmCham Egypt
Copyright©2008 American Chamber of Commerce in Egypt