Silicon Waha, Finland’s NxtVn sign MoU to establish joint stock company to invest EUR 40 mn over 4 years

Silicon Waha signed an MoU with Finnish technology company NxtVn to set up a company to develop data centers with investments of EUR 40 mn over four years, according to an ICT ministry statement. The agreement also included the establishment of a data center complex spanning 60k sqm in Borg El Arab. Meanwhile, officials from Panasonic meeting with ICT Minister Yasser El Kady yesterday said the company is willing to share its expertise with local electronics companies, in addition to providing trainings to support Egypt’s electronics manufacturing industry, Al Masry Al Youm reports.