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SAP discusses investment opportunities in mechanisation and New Administrative Capital projects with the government - Daily News Egypt

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SAP discusses investment opportunities in mechanisation and New Administrative Capital projects with the government

There are promising opportunities for growth in the Egyptian market: Abboud

Gergi Abboud, Managing Directorof Gulf & Pakistan at SAP, said that the company sees in Egypt many strong investment opportunities and promising growth potential. He told Daily News Egypt that they discussed means of cooperation with the government during the visit of the Minister of Communications and Information Technology to the company’s headquarters at the beginning of this year.

Abboud said that the Egyptian government has a vision in the field of automation of government services and the establishment of the New Administrative Capital as the first smart city, noting that both parties are currently discussing cooperation between the two sides.

The figures of the Ministry of Communications and Information Technology indicate that the value of the digital economy in Egypt amounted to EGP 56bn, expecting the figure to grow to EGP 62bn in the current fiscal year, up by 10%.

Small and Medium Enterprises (SMEs) are expected to be a catalyst for the country’s high-tech economic growth, especially after some 150,000 micro and 15,000 small enterprises received loans from the UN Social Fund for Development (SDF) totaling more than EGP 3bn.

This came on the sidelines of the conference on the impact of the digital economy in Egypt organised by SAP with the participation of a number of its customers and partners. Qalaa Holding that specialises in infrastructure and energy investments in Egypt and Africa and believes that investment in Egypt’s ICT sector will improve growth.

Ahmed Abdel Sattar, Group CIO of Qalaa Holdings, said that the partnership between the public and private sectors is necessary to bring about the digital transformation desired in Egypt at the national level, to achieve social and sustainable environmental economic growth. He added that Qalaa Holdings achieved great success in the field of digital transformation. “We are keen to share best practices with public and private sector institutions in Egypt to promote economic diversification in the country and improve national competitiveness,” he stressed.

Qalaa has developed its technological operations and the immediate preparation electronic financial reports and direct access to the results received from the business data analysis, by resorting to technological solutions working on Hannah Platform from SAP’s memory computing unit.

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