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Planning and Trade ministries ink deal with e-finance to launch digital industrial platform

The cooperation protocol aims to provide design, management, and operation services for Egypt’s digital industrial platform, which contributes to offering better services for investors and manufacturers

By: Business Today Egypt

Wed, Nov. 2, 2022

E-finance has signed a cooperation protocol with the Ministry of Planning and Economic Development and the Ministry of Trade and Industry to launch Egypt’s digital industrial platform, dedicated to providing better services and facilitating procedures for investors within the industrial sector.

The new platform will accelerate existing digital transformation efforts for stakeholders – from government institutions, banking and non-banking financial institutions to the private sector – and is expected to launch in late November.

The cooperation protocol aims to provide design, management, and operation services for Egypt’s digital industrial platform, which contributes to offering better services for investors and manufacturers and accelerating the process of completing and governing the required procedures through a digital system.

Businesses will also be able to utilize the platform in testing newly developed services before officially introducing them to their clients. The platform also offers other services such as cloud platforms, secure infrastructure, internet of things, cybersecurity applications, artificial intelligence, big data, and more.

The signing ceremony was attended by the Minister of Planning, Hala El-Said; Minister of Trade, Ahmed Samir; and Chairman of eFinance, Ibrahim Sarhan.

According to a statement, the platform will be launched during the Cairo ICT conference, held between 27th to the 30th of November 2022, in in collaboration with global digital transformation pioneers Pure Storage, Dell, IBM, Cisco, VMware, Commvault, Fortinet, Paloalto, Citrix, F5, Redhat, and Huawei.