Egyptian Prime Minister Geidea, Digital Infrastructure Effectivity

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His Excellency the Prime Minister of Egypt, Dr. Mostafa Madbouly, accompanied by Dr. Amr Talaat, Minister of Communications and Data Expertise, Eng. Ahmed Al-Zaher, CEO of the Data Expertise Trade Growth Company (ITIDA), and a gaggle of senior authorities officers visited the Egyptian headquarters of Geidea, a global monetary expertise agency in New Cairo.

The go to displays the Egyptian management’s give attention to enhancing innovation and progress within the communications and knowledge expertise sector as a key element of Egypt’s Imaginative and prescient 2030, aiming to realize increased ranges of financial progress and introduce better velocity and effectivity to the digital infrastructure.

The governmental delegation was acquired by Mr. Abdullah AlOthman, Founder and Chairperson of Geidea Group; Mr Ahmed Nader, Managing director of Geidea Group in Egypt; Mr. Ahmed Safwat, Regional Director of HR in Egypt; Ms. Yasmin Sameh, Director of Product in Egypt, and Mr. Ahmed Magdy, Industrial Director in Egypt, together with a number of management workforce members.

Geidea continues to draw distinctive abilities to work all through its places of work in Egypt, which incorporates greater than 1,200 skilled people in numerous enterprise and technical fields. They contribute to constructing and creating monetary expertise functions and options for a number of markets and assist the expansion of the group internationally.

photo 2023 11 20 14 36 45photo 2023 11 20 14 36 45
Prime minister of egypt, dr. Mostafa madbouly (second from left) on the egyptian headquarters of geidea

Furthermore, Geidea focuses on empowering girls and equipping them with ample experience to turn out to be future leaders within the expertise sector.

The Group feminine workforce in Egypt represents roughly 67% of all workers and is working intently with the Egyptian authorities on applications to advertise gender fairness in addition to participation of people with particular wants.

The go to highlights the Egyptian authorities’s dedication to develop a really perfect local weather for international direct investments (FDIs), and to assist tech-based investments within the nationwide market because it seeks to enhance the funding ecosystem and appeal to extra worldwide corporations to function in Egypt.

The go to included discussions to develop the corporate’s cooperation with the Egyptian authorities throughout numerous elements of the communications and knowledge expertise area, particularly within the area of human capital growth the place each side explored plans to launch a coaching academy for women and men to reinforce the variety of certified IT professionals and develop a broader set of expertise to feed the wants of the continued financial progress.

The Geidea Group is likely one of the main fintech firms, having been established within the Kingdom of Saudi Arabia in 2008 and whose operations have grown considerably, which attracted an funding of roughly 270 million US {dollars} from a UAE investor in 2018, as a result of its modern enterprise mannequin and aggressive future potential.

Within the Egyptian market, the Group pumped greater than 40 million US {Dollars} (1 Billion EGP), and noticed its enterprise quantity tripling final yr, with plans to multiply its present enterprise quantity by sevenfold quickly.

Commenting on the go to, Ahmed Nader, Managing Director for Geidea Group in Egypt, said, “We’re grateful for the go to of His Excellency the Prime Minister, Dr. Mostafa Madbouly, and Dr. Amr Talaat, the Minister of Communications and Data Expertise. 

We lengthen our because of the Egyptian authorities for its limitless assist to the knowledge expertise sector, and their assist in addressing challenges dealing with worldwide investments within the Egyptian market”.

He additionally added, “As for us, we proceed to boost our presence in Egypt by offering the most recent modern options within the area of economic expertise, contributing to the expansion of the digital financial system and bringing the promise of expertise to the broader enterprise group.

Nader additionally famous, “The go to serves as an incentive for us to proceed our ambition, enlargement, and achievements. Geidea is working laborious to strengthen and improve cooperation with the Egyptian authorities and personal sector corporations to make Egypt a number one technological hub and a particular vacation spot for business and funding within the area”.


Featured Picture: Prime Minister of Egypt, Dr. Mostafa Madbouly (4th from the fitting) with different senior authorities officers and Geidea’s prime administration on the Egyptian headquarters of Geidea


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