Mohamed Maait, Minister of Finance, announced that Egypt will allocate EGP 6.025 billion in the fiscal year 2022-2023 budget to implement digital transformation and cybersecurity projects.
Maait remarked that the country will invest EGP 5.4 billion in launching digital transformation projects and developing digital skills, while the remaining EGP 625 million will be allocated to cyber security projects.
This investment is part of the Egyptian government's efforts to implement Egypt's national digital transformation strategy, known as "Digital Egypt 2030". It aims to "achieve the digital economy through ICT to ensure prosperity, freedom and social equity for all". According to Maait, achieving digital transformation requires the preparation of skilled and trained human cadres capable of using modern technologies to develop work systems and facilitate services.