The General Division for Digital Economy and Technology at the Federation of Egyptian Chambers of Commerce (FEDCOC) is seeking the participation of local small-, micro- and medium-sized enterprises in the “Digital Future” initiative.
The initiative was set up and launched by the Digital Economy Division at the Cairo Chambers of Commerce, in cooperation with the Ministry of Public Enterprises Sectors.
FEDCOC’s General Division has called on the Chamber of Information Technology Industry and the Cairo Chamber of Commerce’s Division of Digital Economy and Technology to hold a joint meeting on the inclusion of small and micro businesses in the initiative.
Khalil Hassan Khalil, Head of FEDCOC’s General Division for Digital Economy, said that the meeting will bridge the gap of views between the Chamber and the Cairo Chamber’s Digital Economy Division.
This will help stimulate business within Egypt and increase the competitiveness of local companies, especially as the target entities are small- and medium-sized enterprises (SMEs). The need to involve them in all development initiatives has long been recognised, especially as it is these companies that represent the backbone of the local economy.
Khalil added that the concerted efforts currently placed in this area will positively affect the initiative’s success on the one hand, and the participating companies on the other. He added that the “Digital Future” initiative aims to develop the local production of software and local applications, and raise their efficiency.
This will consequently be reflected on the growth of local export rates, which is one of the criteria for establishing Egyptian industry on the global information and communication technology map.
It will also support the state’s trends towards digital transformation and financial inclusion in a way that contributes to keeping pace with modern technological developments.
The Ministry of Public Enterprises Sectors has emphasised the importance of digital transformation for the development of public sector companies, with the digital transformation programme including four main pathways.
The first, completed last November, focused on the preparation of digital policies and procedures. This was followed by the second pathway, which will see the planning and management of applications for corporate resources. This will see investments of $50m for licences and services.
The third pathway focuses on a data and technical support centre, which will have an annual budget of $3m. The fourth pathway focuses on providing training in systems management to employees.