Enhancing Egypt’s Investment Climate: Focus on Technology Investment

Talabat Egypt and N GAGE Consulting hosted a roundtable focusing on enhancing Egypt’s investment climate, particularly in the technology sector. Key stakeholders emphasized collaboration between government and private sectors, aimed at attracting investments. The technology sector is rapidly growing, contributing significantly to the economy, and discussions centered on creating favorable policies, enhancing e-commerce, and equipping the workforce.

Talabat Egypt, in conjunction with N GAGE Consulting, conducted a roundtable titled “Enhancing Egypt’s Investment Climate with a Special Focus on Technology Investment” in Cairo. The event gathered key stakeholders, including Hossam Heiba from the General Authority for Investment and Free Zones (GAFI), and ITIDA CEO Eng. Ahmed El Zaher. Participants included members of parliament and representatives from diverse sectors, with a shared objective of fostering collaboration between the government and the private sector to enhance investment in technology.

The primary goal of the roundtable was to support the Egyptian government’s initiatives aimed at creating an investment-friendly atmosphere. The technology sector has emerged as the country’s most rapidly growing industry, witnessing a remarkable growth rate of 14.4% in the fiscal year 2023-2024, contributing EGP 315 billion in revenue.

Talabat Egypt demonstrated its commitment to bolstering the national economy through this roundtable discussion. Investing in technology is essential not only for Egypt to adapt to global advancements but also to enhance the economy’s resilience against potential global challenges. The company appreciates the government’s dedication to improving digital infrastructure and legislative frameworks that create an appealing investment environment.

The discussions encompassed various strategies for establishing a more conducive investment climate, with an emphasis on the technology sector. Topics included financial and economic policies, regulatory frameworks that bolster industry growth, and enhancing e-commerce in Egypt. Participants identified obstacles within the investment landscape and proposed solutions to cultivate a more favorable business environment, while also addressing necessary regulatory reforms and incentives to stimulate growth.

Significantly, the roundtable underscored the vital role of partnerships between the government and private sector in fuelling innovation and industry transformation. Moreover, it highlighted initiatives aimed at equipping young talents with essential skills to mitigate workforce shortages, which remain a pressing challenge in this sector.

The roundtable organized by talabat Egypt and N GAGE Consulting served as a crucial platform for dialogue among stakeholders regarding the enhancement of Egypt’s investment climate, especially in technology. It underscored the importance of government-private sector collaboration in driving the industry’s growth and innovation. Moreover, it reflected on the progressive efforts to equip the workforce with necessary skills while addressing the challenges within the investment landscape. The commitment to strengthening the technology sector is essential for ensuring sustainable economic growth and resilience against global disruptions.

Original Source: www.zawya.com