Cairo:Egypt is making concerted efforts to attract more technology companies, as currently only 50 firms are responsible for 43% of the country's digital exports. This initiative was highlighted by Investment and Foreign Trade Minister Mohamed Farid during the opening of Cairo ICT 2026.

According to State Information Service Egypt, Farid emphasized the government's commitment to increasing the number of exporting companies by simplifying investment procedures, particularly in the technology and data center sectors. The government is introducing new digital services in partnership with the Ministry of Communications and Information Technology and e-Finance to streamline administrative processes and enhance efficiency.

The minister pointed out the role of Artificial Intelligence (AI) in analyzing trade data, processing complaints, and improving regulatory procedures. Plans were also announced to develop an AI-powered regulatory sandbox for trade to foster innovative digital solutions.

In terms of data center investments, Farid stated that the government is working with the communications and electricity ministries to prepare land, provide the necessary infrastructure, and secure approvals. These initiatives aim to speed up the licensing process, attract new technology companies, and ultimately boost Egypt's digital exports.