Egypt’s digital transformation drive is looking to get a boost after the Madbouly Cabinet approved a draft law to establish the Digital Egypt Fund in its weekly meeting yesterday, according to a statement.
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The fund is set to be headquartered in Cairo with the potential to add regional branches and will operate across government departments to further the goals of the ICT Ministry’s Digital Egypt initiative.
The fund will look to develop the digital identity system, localize tech, improve digital literacy, establish data centers, modernize existing digital government services and systems, support young innovators, and finance technical studies on infrastructure development, according to the statement.
