Minister of Communications and Information Technology Yasser ElKady counts on the 20th round of Cairo ICT 2016 to market investment opportunities in the telecommunications and information technology sector in order to attract more foreign investment, especially after his success in launching 4G licences and the completion of the first phase of two technological parks in Borg El-Arab and Assiut.
The Ministry of Communications and Information Technology aims to increase the volume of its exports to $3bn over the next three years.
ElKady told Daily News Egypt that the ministry is relying on several fronts in order to stimulate foreign direct investment in the coming period, especially in the electronic manufacturing sector.
He noted that sovereign authorities are currently freeing up the frequencies earmarked for the 4G services, in cooperation with the National Telecommunications Regulatory Authority in accordance with a clear timetable, adding that 4G will be officially activated before the end of this year.
