Egypt and Singapore have agreed to strengthen bilateral relations in digital transformation, with both nations seeking to leverage emerging technologies and investment opportunities. The announcement came during the Egypt-Singapore Business Forum, where Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib met Singaporean President Tharman Shanmugaratnam.
El-Khatib stressed that relations between the two countries have “untapped strategic potential” beyond existing milestones, particularly in digital transformation, renewable energy, and port development. He noted that Egypt has rolled out clear licensing guidelines for foreign firms and invited Singapore to explore opportunities in the Suez Canal Economic Zone, a key trade hub linking three continents.
Shanmugaratnam commended Egypt’s digital progress, citing infrastructure upgrades and supportive policies. He revealed Singapore’s interest in port management and digitalization projects, adding that Singapore is ready to support technology transfer and expand cooperation in technical education to strengthen Egypt’s talent pool.
The agreement builds on Egypt’s domestic digitalization momentum. Authorities have launched sectoral strategies to boost competitiveness, reported a surge in digital payments, and are preparing for a central bank digital currency (CBDC) rollout by 2030.
Meanwhile, across the region, Iraq has introduced electronic signatures for government processes to curb corruption and streamline administration. Backed by the Electronic Signature and Electronic Transactions Act No. 98 of 2012, new 2025 guidelines enable nationwide adoption of e-signatures, marking a significant step toward efficiency in state institutions.
