The Information Technology Industry Development Agency (ITIDA) and the Export Development Fund (EDF) have signed a seven-year strategic framework to scale Egypt’s high-value technology exports and attract global investment.
The agreement, witnessed by Raafat Hindy, minister of communications and information technology, and Dr Mohamed Farid, minister of investment and foreign trade, introduces electronics design, semiconductors, embedded systems, and mobile-related services into Egypt’s Export Development Programme for seven years, starting in the 2025/2026 financial year.
According to the agency, the move enables eligible companies to access performance-based export incentives tied to actual export growth and job creation, enhancing competitiveness and accelerating international market expansion.
The initiative comes as Egypt positions itself as a cost-competitive, talent-rich destination for advanced engineering and design services, particularly in semiconductor and automotive software sectors.
Under the pact, ITIDA will lead global promotion efforts, provide technical support, and assist companies in accessing the programme. A joint coordination committee will be established within one month to oversee implementation and ensure effective execution.
Egypt currently hosts a growing ecosystem of more than 86 multinational and local companies operating in electronics and embedded systems design, serving global clients across key markets.
During the meeting, both ministers reviewed progress on joint digital transformation initiatives aimed at improving the investment climate.
These include the development of an integrated digital platform connecting multiple government entities to streamline procedures, unify services, and reduce processing times for investors.
Hindy said integrating electronics and semiconductor design services into the Export Rebate Programme represents a major step towards advancing high-tech industries and increasing Egypt’s competitiveness in global value chains.
He added that ongoing coordination with the Ministry of Investment aims to build a fully integrated digital investment ecosystem, accelerate digitalisation of services, and enhance connectivity across government entities, ultimately improving the investor experience and reducing time-to-market.
Farid noted that including high-tech services in the Export Development Programme reflects Egypt’s strategic direction to support knowledge-based exports and diversify its export base.
“He emphasised that the newly introduced incentives are directly linked to measurable export performance, ensuring efficiency and sustainability, while ongoing reforms aim to enhance regulatory agility and attract investments in advanced sectors such as artificial intelligence, cloud computing, semiconductors, and data centres,” stated ITIDA.
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