Talabat Egypt and N GAGE Consulting Roundtable: Enhancing Technology Investment in Egypt

Talabat Egypt and N GAGE Consulting hosted a roundtable to discuss enhancing Egypt’s investment climate, particularly in technology. The event gathered government officials and private sector representatives to explore strategies for fostering investment, addressing regulatory challenges, and enhancing workforce capabilities in the technology sector. Talabat Egypt reaffirmed its commitment to supporting the national economy and facilitating technological advancements.

Talabat Egypt, in collaboration with N GAGE Consulting, hosted a roundtable entitled “Enhancing Egypt’s Investment Climate with a Special Focus on Technology Investment” in Cairo. This event was designed to improve communication between the government and private sectors, featuring notable attendees such as Hossam Heiba, President of the General Authority for Investment and Free Zones, and Eng. Ahmed El Zaher, CEO of ITIDA.

The gathering aligns with the Egyptian government’s initiatives to create an investment-friendly atmosphere which encourages capital inflow and fosters sustainable growth. The information technology sector has been the fastest growing industry in the nation, achieving a growth rate of 14.4% during the 2023-2024 fiscal year and generating revenues of EGP 315 billion.

The roundtable exemplified Talabat Egypt’s dedication to bolstering the national economy. Investment in the technology sector is essential not only for matching global advancements but also for enhancing economic resilience against potential global crises. Talabat Egypt appreciates the government’s efforts in establishing a strong digital infrastructure and legislative framework conducive to investment.

During the session, multiple key visions and strategies were discussed. Emphasis was placed on creating a favorable investment environment in technology, addressing relevant financial policies and regulations, and identifying challenges within the investment landscape while suggesting viable solutions. In addition, the roundtable emphasized regulatory reforms and collaborations between government and private sectors to bolster the digital economy.

The importance of partnerships between the government and private entities was also reinforced, particularly in fostering innovation and addressing workforce challenges. There is a growing need to equip young talents with relevant skills to mitigate workforce shortages prevalent in the sector.

Talabat is a premier online ordering technology platform serving the Middle East and North Africa, operational across various countries including the UAE, Kuwait, and Egypt. It aims to support local businesses while offering a seamless shopping experience, ensuring efficiency in orders and multiple secure payment options for customers.

The roundtable organized by Talabat Egypt emphasizes the critical role of technological investment in fortifying Egypt’s economic landscape. By fostering dialogue between government and private sectors, the event illuminated strategies for enhancing the investment environment. It is imperative to implement regulatory reforms and address workforce challenges to maximize the potential of the technology sector, ultimately reinforcing Egypt’s resilience against global economic challenges.

Original Source: www.zawya.com