{"id":565895,"date":"2021-05-11T12:43:43","date_gmt":"2021-05-11T12:43:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/we-smell-a-data-hub\/"},"modified":"2021-05-11T12:43:43","modified_gmt":"2021-05-11T12:43:43","slug":"we-smell-a-data-hub","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/we-smell-a-data-hub\/","title":{"rendered":"We smell a data hub"},"content":{"rendered":"

<\/a> Egypt is in \u201cpromising talks\u201d with foreign companies to invest in establishing data <\/strong>centers in the country<\/strong>, CIT Minister Amr Talaat tells Al Arabiya (watch, runtime: 6:25<\/a>). The minister declined to name specific companies, saying only that they are \u201cmajor players\u201d in the data center space. Data centers are the priority area for the ministry to attract fresh foreign investments this year, particularly as Egypt\u2019s geographical location means we are well-placed to handle data travel. Egypt already has several subsea cables through which a \u201cmassive\u201d amount of data travels from Europe, Asia, and North America, Talaat said.<\/p>\n

Software development and digital services will also be a key development and <\/strong>investment area for the CIT Ministry this year<\/strong>, alongside data analytics and artificial intelligence, according to Talaat. Altogether, the ministry is planning to increase CIT\u2019s contribution to the country\u2019s GDP to 5% this year and 8% within three years.<\/p>\n

The plan to establish Egypt as a data center hub has been in motion for several years <\/strong>now \u2014 and comes hand-in-hand with the government\u2019s digital push:<\/strong> We first got wind of a national strategy geared towards this goal back in 2018<\/a>, when then-CIT Minister Yasser El Kady said the government aims to attract more investments and data centers to Egypt. The digital transformation has also seen the government roll out more than 70 services through its online government services portal<\/a>, with plans to increase that number to 170 by the end of 2021 and making all government services available online in 2023, Talaat said.<\/p>\n

Want to know more about Egypt\u2019s data center landscape (and what a data center even <\/strong>means)?<\/strong> We covered the topic in detail in a three-part series of Hardhat, our infrastructure vertical. Read part one<\/a> to get a lay of the land, then read part two<\/a> for a better understanding of what\u2019s impeding our data center growth, and finish off with part three<\/a>, which lays out the drivers of growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is in \u201cpromising talks\u201d with foreign companies to invest in establishing data centers in the country, CIT Minister Amr Talaat tells Al Arabiya (watch, runtime: 6:25). The minister declined to name specific companies, saying only that they are \u201cmajor players\u201d in the data center space. Data centers are the priority area for the ministry […]<\/p>\n","protected":false},"author":1,"featured_media":565896,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10036],"tags":[1121,214,893,155,633,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-investment-watch","tag-amr-talaat","tag-cit","tag-cit-ministry","tag-digitization","tag-enterprisepm","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"be76bd62-36a4-41ff-825d-64049f0dd9c8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/355.jpg","photo_position":"above","related_issue":[565887],"teaser":"","voice_url":""},"yoast_head":"\nWe smell a data hub - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/we-smell-a-data-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We smell a data hub\" \/>\n<meta property=\"og:description\" content=\"Egypt is in \u201cpromising talks\u201d with foreign companies to invest in establishing data centers in the country, CIT Minister Amr Talaat tells Al Arabiya (watch, runtime: 6:25). 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The ministry said the agreement aims\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544456,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/03\/cit-minister-discusses-investment-with-multinational-players-rwanda-cooperation-at-barcelona-conference\/","url_meta":{"origin":565895,"position":2},"title":"CIT Minister discusses investment with multinational players, Rwanda cooperation at Barcelona conference","author":"enterpriseam admin","date":"3 March 2022","format":false,"excerpt":"Communications Minister Amr Talaat discussed investment with multinational tech firms Cisco and Oppo on the sidelines of the MWC Barcelona telecoms conference, according to acabinet statement. 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