Amr Talaat, Egypt’s Minister of Communications and Information Technology, held a key meeting with Shameel Joosub, CEO of Vodacom Group, Mohamed Kamal Abdallah, CEO of Vodafone Egypt, and a South African delegation including representatives from the Public Investment Corporation (PIC) and the Government Employees Pension Fund.
The discussions centered around attracting fresh investments into Egypt’s ICT sector and enhancing collaboration in telecommunications and technology. Mohamed Shamoroukh, CEO of Egypt’s National Telecom Regulatory Authority (NTRA), also participated in the meeting.
The talks focused on key national initiatives related to digital transformation, infrastructure enhancement, capacity building, technological innovation, and the expansion of Egypt’s IT and electronics sectors. Talaat reiterated the Ministry’s commitment to creating a favorable investment environment for ICT companies, emphasizing the importance of regulatory frameworks that encourage business growth and ensure high digital service standards. He also highlighted the Ministry’s strategy of collaborating closely with the private sector to implement national projects and develop digital skills training programs.
Talaat emphasized Egypt’s robust digital infrastructure, skilled talent pool, and competitive advantages in the global outsourcing market as key factors making Egypt an attractive destination for ICT investments. He also discussed the ongoing work under the Decent Life initiative, which focuses on improving telecom services, expanding internet access, upgrading postal services, and promoting digital literacy in underserved villages.
Vodacom Group CEO Shameel Joosub expressed the company’s intention to increase investments in Egypt, citing the improving investment climate and growing opportunities in digital transformation, infrastructure, and innovation. He noted that Vodacom’s presence through Vodafone Egypt reflects the company’s commitment to delivering locally relevant, innovative solutions.
Vodafone Egypt’s CEO Mohamed Abdallah emphasized the company’s role in attracting major investors to Egypt. Through participation in large-scale digital infrastructure projects and facilitating co-investment opportunities with international companies, Vodafone Egypt plays a crucial role in driving foreign direct investment and contributing to the telecom sector’s GDP share.
The South African investment delegation praised Egypt’s evolving investment environment and expressed their readiness to enter the Egyptian market, particularly in high-potential sectors like data centers and cybersecurity. The Public Investment Corporation (PIC), which is a state-owned asset management company in South Africa and one of Africa’s largest asset managers, expressed its interest in the growing opportunities in Egypt.
