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Egypt takes steps towards digital economy

In his speech during the ninth edition of the Financial Technology and Digital Inclusion Exhibition and Conference (PAFIX), Mohamed Maait, the minister of finance praised Egypt’s unprecedented progress toward a digital economy.

The minister stated that the concept of digital transition surpasses the change from paper to electronic devices. It requires a complete reconstruction policy that provides a suitable legislative structure, and highly qualified human resources, to manage automated systems in a work environment that keeps up with the digital revolution. By achieving this, we will promote efficient and effective performance, enhance the services given to citizens, and attain transparency.

Dr. Maait acknowledged numerous projects supported by President Abdel Fattah El-Sisi, which aspire to develop the Egyptian administrative systems by utilizing modern financial, tax, and customs technology. He used the coronavirus as an urgent excuse to apply a rapid digital transformation.

In his words, he confirmed the ministry’s launch of an electronic declaration system, that goes in line with implementing the electronic bill system, adding that 135000 companies have already joined this system.


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