Egypt is looking to increase its focus on emerging technologies, particularly artificial intelligence (AI) and information technology (IT), in order to achieve regional supremacy in these sectors. High-ranking officials presented a blueprint to President Abdel Fattah El-Sisi, outlining the steps to be taken to achieve national targets. The communications minister highlighted the need to revolutionize the communications sector and upgrade the internet infrastructure to world-class standards. The prime minister emphasized the importance of local and international investments in the communications sector and called for improvements in the ease of doing business. The government is also expected to announce national support programs for AI, blockchain, data protection, and cybersecurity. In addition, the Central Bank of Egypt plans to roll out a central bank digital currency to improve the state of payments and advance financial inclusion metrics. Meanwhile, Japanese-based Mizuho Securities has partnered with renewable energy company Blue Sky Solar to tokenize infrastructure private placement funds, in line with existing Japanese security laws.



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