Minister Kamel Heads to Canada and the U.S. on an Official Mission to Promote Investment in Egypt

Last Friday a high level delegation headed by his Excellency Minister Tarek Kamel minister of communications and information technology left Cairo on an official high level visit to Canada and the United States of America staying from the 9th till the 17th of June 2007.

The main purpose of this delegation is to further enhance areas of cooperation as well as to create a positive environment to increase foreign direct investment in Egypt especially in the Telecom sector.

Kamel is presiding the Canadian-Egyptian Business Council (CEBC) delegation that encompasses over 75 prominent Egyptian entrepreneurs, bank officials as well as top officials from the Ministry of Communications and Information Technology (MCIT), National Telecommunications Regulatory Authority (NTRA), Information Technology Industry Development Agency (ITIDA) and the Egyptian National Postal Organization (ENPO).

Dr Amr Badawi the Executive Director of the National Telecom Regulatory Authority will join the official mission as a member of the delegation. His presence in the delegation will add more value to its purposes as he will research further chances for mutual international cooperation in the area of regulation and new communication technologies. During his visit he will be conducting several meetings with a number of international companies such as Cisco and Intel- QUALACOMM.

Kamel and his accompanying delegation will explore venues of collaboration with the Canadian federal government in the area of ICT and technology development.  The minister’s schedule will include meetings with Canadian Parliamentary members, representatives of the Canadian ministries of Economic Development and Trade and Industry as well as key figures from multinational corporations with the objective of opening new markets in Egypt.

Kamel’s agenda includes holding meetings with the Egyptian expatriate community in Canada spread throughout three main Canadian cities namely Ottawa, the capital, Toronto considered the country’s largest city and Montreal in the Quebec province.  The Egyptian delegation aims at attracting investors interested in the field of ICT through opening collaboration venues in the activities of Nile University, one of Egypt’s promising academic institutions in the field of ICT.

Minister’s Kamel visit to the State likewise intends to highlight Egypt focal role in ICT investment which in turn indicates how the country could become a hub for ICT activities.  His Excellency is scheduled to hold talks with US Assistant Secretary for Near Eastern Affairs C. David Welch  and US Assistant Secretary General for Internet Affairs Levy Grooth. 

The Egyptian Minister will also convene with U.S. Commercial Representative to discuss possibilities of liberalizing communications services. Another meeting  with World Bank’s representatives as well as 250 American businessmen will be convened in the context of the delegation’s meeting with members of American Chamber of Commerce. 
The meeting will include a brief on Egypt’s strategic position in providing offshore outsourcing services by AT Kearney Chairman Paul Laudicina. 

The mission will witness the inking of a number of cooperation agreements concerning Nile University, Telecom Egypt and a number of Egyptian companies operating in the ICT sector.

In the context of meetings convened with Egyptian expatriate community, Kamel and the accompanying delegation will be briefing the expats on the latest developments in Egypt’s ICT sector, besides presenting possible opportunities to invest in the sector, namely in the fields of Research and Development, Egyptian external labor markets, regulating frameworks for e-signature technology, Nile University and technology incubators project.

The mission is a byproduct of U.S. and Canadian growing interest to invest in Egypt’s promising ICT sector, together with the Egypt’s keenness to expand the scope of possible joint cooperation.