Establishing an Egyptian organization for technology development

The Egyptian Cabinet under the chairmanship of Prime Minister Atef Ebeid agreed on project to establish an organization for industrial development and data technology to make plans and take all necessary decisions to promote the spread of advanced technology into Egypt.

The Cabinet also agreed on establishing a company to develop and run intelligent technology services for the business owners, with private sector contribution of 80% of the company's shares in comparison to 20% from the Egyptian universities.