The platform aims to develop the Egyptian industrial sector, which grew by 6.5% and contributed 17% to GDP in 2021. 

Egypt will soon launch a digital industrial platform. For that purpose, last November 2, the Ministry of Planning and Economic Development, the Ministry of Trade and Industry, and financial service provider E-finance -a subsidiary of eFinance Investment Group- signed a memorandum of cooperation for the development and management of the said platform. 

The platform aims to offer investors and manufacturers improved services, accelerate the exploitation process and streamline the required procedures. Using the platform, firms can test the new services before presenting them to their clients. 

According to Business Today Egypt, the “platform also offers other services such as cloud platforms, secure infrastructure, internet of things, cybersecurity applications, artificial intelligence, big data, and more.”

Like several African countries, Egypt is betting on digital transformation to accelerate its development. In 2017, the country became an attractive hub for large tech firms, thanks notably to strategic actions taken by the government. 

The new platform is therefore one of the government’s actions to accelerate existing digital transformation efforts.

According to the statement announcing the signing, the platform will be launched at the Cairo ICT conference, which will be held on November 27-30, 2022, in collaboration with global digital transformation pioneers such as Pure Storage, Dell, IBM, Cisco, Redhat, Huawei, and many others.

The memorandum of cooperation is part of Egypt's Vision 2030 and its digital transformation strategy, which aims to enhance economic and social development across all sectors and make the country a digital hub of excellence in Africa.

Samira Njoya