The IDSC’s infographic was based on the Arab Investment and Export Credit Guarantee Corporation’s data released in July
The meetings were delayed for the last 3 years due to the COVID-19 pandemic, and will be organized in partnership with the Ministry of Finance and the Insurance Federation of Egypt (IFE)
The minister also added that they have allotted EGP 6.025 billion in the budget to go towards digital transformation and cybersecurity projects
This is less than the state budget’s target of 6.7% despite the growing costs of rising food and energy prices during the 2nd half of the year
The localization of industry will play an important role in encouraging investors to expand activities and productivity in the country, he added
