Washington:Egypt and NVIDIA are exploring opportunities for cooperation in artificial intelligence and attracting new investment in data centers. This development follows a meeting between Egypt's Investment Minister Mohamed Farid and NVIDIA’s Vice President of Global AI Initiatives, Calista Redmond, in Washington.

According to State Information Service Egypt, the meeting took place on the sidelines of the B20 USA Summit and focused on technology infrastructure development, data center investment, and expanding AI applications across various sectors.

Minister Farid highlighted Egypt's efforts in developing investment-promotion policies and programs aimed at attracting investments in data centers. This includes identifying suitable locations and securing necessary approvals and licenses in coordination with relevant authorities. These measures aim to simplify procedures, accelerate project implementation, and enhance Egypt’s appeal as a destination for advanced technology investment.

Discussions also delved into how NVIDIA’s expertise could be leveraged to improve efficiency, competitiveness, and management across multiple sectors. Additionally, there was an emphasis on developing the capabilities of Egyptian professionals, supporting local startups and developers, and expanding AI applications across economic and service sectors.

Redmond shared NVIDIA’s experience in developing AI ecosystems and collaborating with governments, businesses, and universities. She expressed the company’s readiness to continue working with Egyptian officials to explore potential areas of cooperation.