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Mon 29 Jun 2009 10:00 AM

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Egypt plans to boost IT exports

Country's minister of Communications and IT visits the United States to identify new opportunities with top tech companies

Egypt plans to boost IT exports
Country expects a rise of $1.1 billion in IT exports by 2010 (Getty Images)

Egypt is poised for a rise in its volume of IT exports based on its growing business relationship with the United States.

Dr. Tarek Kamel, Egypt’s Minister of Communications & Information Technology recently stated that the country’s volume of IT exports would rise to $1.1 billion by 2010. He made the comment at a special luncheon hosted by the U.S. Chamber of Commerce, the Business Council for International Understanding (BCIU), and the American Chamber of Commerce in Egypt (AmCham Egypt) in Washington, DC.

During the visit, Dr. Kamel and Information Technology Industry Development Agency (ITIDA) officials met with senior executives from top Fortune 100 companies, including the board chairman and CEO of IBM Corp. Samuel J. Palmisano, to discuss new business opportunities in Egypt.

“Egypt is now at the new crossroads for next stage in the IT revolution,” said Dr. Kamel. “With a long history of innovation, we are a young, energetic country with a population that grew up in the technology world, so we’ve keyed some of the specific goals as a nation around technology - being a hub for innovation and research, cyber security and cross-border collaboration.”

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