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Egypt: the ICT Sector as a Leading Model

Egypt: the ICT Sector as a Leading Model. Tarek Kamel Minister of Communications and Information Technology. Content. Egypt’s Economic Reform Deregulation in ICT Public-Private Partnership Business Environment & Investment Opportunities. Economic Reform Agenda.

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Egypt: the ICT Sector as a Leading Model

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  1. Egypt: the ICT Sector as a Leading Model Tarek Kamel Minister of Communications and Information Technology

  2. Content • Egypt’s Economic Reform • Deregulation in ICT • Public-Private Partnership • Business Environment & Investment Opportunities

  3. Economic Reform Agenda • Competition is the governing principle of economic reform • Transition from a state-dominated, centrally-planned economy, to a market-based, decentralized economy lead by the private sector • Building the institutional and regulatory framework for a successful market economy: • Customs reform in September 2004. • Tax reform in June 2005

  4. Economic Reform Pay-Offs • Stock market capitalization increased from 42% to 55% of GDP • GDP growth of 5.2% • EGP 3.3 billion in proceeds of privatization • Appreciation of the Egyptian Pound relative to the US dollar and the Euro

  5. Reform of the Telecom Sector • Strategic direction to reform the sector and engage Egypt in the global information society • Establishing the Telecommunications Regulatory Authority (’98) • Corporatization of Telecom Egypt (TE) • Privatization of TE (end of ’05)

  6. Egypt becoming a Regional Leader in Mobile Technology • Evolution of Orascom Telecom as a regional operator through acquisition of licenses in MENA, Asia and most recently in Europe • Listed telecom companies are becoming the primary driver of Cairo-Alexandria Stock Exchange and are attracting FDI into Egypt either directly or through GDRs Privatization of Mobile Telephony has resulted in a wealth generation of almost EGP 35 billion

  7. Developing the Egyptian Backbone • Introduction of Universal Service Fund to finance service provision in rural areas • Annual investments of almost EGP 3 billion since 1997: • modernization of core network • adding almost 1 million new access lines • introducing new services • developing human resources Telecom Egypt played a major role in the development of ICT in Egypt

  8. Enlargement of Ownership Base of Telecom Egypt • RFP was announced in local and international newspapers in May 2005 to select a Financial Adviser to conduct a comprehensive market study for enlargement of the ownership base. • The study is to be forwarded to the Cabinet by the fourth quarter of 2005 to select to best sale strategy for enlargement of Telecom Egypt’s ownership base. The time plan and the sale strategy are expected to be announced in November 2005 . • Implementation is expected to take place before the end of the year.

  9. Deregulation of the Postal Sector • Restructuring of the postal sector in Egypt in line with international best practices • Licensing several companies for provision of Courier services in Egypt • Egypt has proposed commitments under current round of WTO negotiations • No limitations on National Treatment or foreign participation in courier companies

  10. Provision of International Telecommunications Services • Deregulation of international telecommunications services by Q1 2006 • Number of licenses to provide international voice and data • Transparent licensing process • Flexibility for using appropriate technologies • Maximize the benefit of the central geographic location of Egypt • Licensed ventures are expected to transfer know-how and attract further investments

  11. Convergence • Technology is making Convergence a reality • 5 million Internet users • 10.6 million GSM users • Next Challenges • Telecom & Media • Triple Play

  12. Public Private PartnershipA Key Strategy for Development

  13. Successful Initiatives • Subscription-Free Internet Services • PC for Every Home Initiative • IT Clubs • Broadband Initiative • Basic and Professional Training Programs • More than 130 thousand trainees till August 2005 • E-heritage center (CULTNAT)

  14. A look ahead… E-Learning Competence Center in cooperation with CiscoA regional initiative supported by the WEFNile UniversityA graduate-level, research-oriented university specialized in technology and managementR&D Centers of ExcellenceVirtual centers comprising academia, local industry, and multinational companies Incubators for Startup Companies Developmental incubators inside the Smart Village A technology development VC fund (EGP 50million)

  15. Business Environment &Investment Opportunities • ICT growth • Business Opportunities

  16. ICT Growth • Investments of ICT Companies in Egypt exceeded EGP 30 billion in the past 7 years • Increase in number of ICT companies to 1571 ( a 700% increase in 7 years) • Current number of employees of ICT companies exceeds 35,000

  17. Future Business Opportunities • 3G Mobile Network • Contact Centers • Certification Service Providers • CDMA Wireless Local Loop Deployment • Egypt Post Outsourcing of IT operations and Outlet Franchising

  18. Egypt….the Cradle of Civilization Is becoming the Center for IT and Telecommunications in the Region

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