A Roundtable On Enhancing Egypt’s Investment Climate in Technology

Talabat Egypt, in partnership with N GAGE Consulting, convened a pivotal panel discussion focused on bolstering Egypt's investment climate, with a specific emphasis on technology investment. This initiative aimed to enhance dialogue and collaboration between the government and the private sector, fostering an environment conducive to sustainable growth and innovation. The event featured prominent government officials, including Hossam Heiba, President of the General Authority for Investment and Free Zones (GAFI), Eng. Ahmed El Zaher, ITIDA CEO, Dr. Heba Saleh, Chairwoman of the Information Technology Institute (ITI), and Hossam El Garrahy, Vice chairman of the General Authority for Supply Commodities, alongside members of parliament and representatives from various private sector industries.

This roundtable aligns with the Egyptian government's strategic efforts to cultivate an investment-friendly landscape, attracting capital and promoting innovative, sustainable growth. Notably, the information technology sector has emerged as Egypt's fastest-growing industry over the past six years, achieving a 14.4% expansion in the 2023-2024 fiscal year and generating EGP 315 billion in revenues.

Talabat Egypt's organization of this discussion underscores its commitment to supporting the national economy. The company recognizes that investing in the technology sector is essential for Egypt to not only keep pace with global advancements but also to fortify its economic resilience against future challenges. Talabat Egypt acknowledges the government's dedication to developing a robust digital infrastructure and a supportive legislative framework, which are crucial for attracting technology investments.

The roundtable discussions centered on key visions and strategies, including the creation of a favorable investment climate, particularly within the technology sector. Participants explored financial and economic policies, regulatory frameworks, and strategies to enhance e-commerce in Egypt. They also addressed challenges facing the investment landscape and proposed solutions to improve the sector's business environment. Essential regulatory reforms, incentives, and opportunities for government-private sector cooperation were highlighted to strengthen the digital economy. The session also showcased the promising prospects within the technology sector.

A central theme of the roundtable was the importance of government-private sector partnerships in driving innovation and transforming the industry. Additionally, the discussion emphasized the ongoing efforts to equip young talents and professionals with the necessary knowledge and skills, addressing the critical issue of workforce shortages and the lack of a skilled workforce, which remain key challenges for the sector.