Cairo:The Finance Ministry, led by Finance Minister Ahmed Kouchouk, has announced a forthcoming competition aimed at enlisting technology companies to address five significant operational challenges faced by the government. This initiative is expected to be launched within a month.

According to State Information Service Egypt, Kouchouk revealed these plans during his remarks at the Cairo ICT 2026 event. The competition will offer cash prizes in Egyptian pounds to companies that propose the most effective technological solutions.

The initiative seeks to enhance public services and increase the use of digital technology within government operations. In collaboration with the Ministry of Communications and Information Technology and private enterprises, the Finance Ministry aims to streamline government procedures and improve service delivery.

Additionally, Kouchouk announced plans to upgrade the real estate tax application to ensure more accurate property assessments and tax calculations. The Ministry is also set to launch a new bilingual website in Arabic and English to expand digital services and simplify procedures for taxpayers.