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Economic Research About Ministry Of Communication And Information Technology In Egypt

2084 words - 8 pages

Introduction for Our OrganizationMinistry of communication and information technology was formed in 1999 to case the transaction into the global information society. Since then, the MCIT has been implementing the ambitious national communications and information technology plan that offers incentives which have attracted the investments across the IT and telecommunication sector.The plan's success is due, in large parts, to the private sector's participation in its development.Effective 3 Jun 1999, MINCOM was expanded and renamed Ministry of Communications & Information Technology (MCIT). With the expansion, MCIT has taken over National Computer Board (NCB) from the Trade and Industry Ministry.Egypt has seen huge growth in the ICT (information and communication technology) sector in the last years; this was the beginning of a larger change in the country. The last seven years have witnessed 30 billion invested in ICT companies, and an overall growth in the industry of 700 percent.The Egyptian government has set three main pillars where policy and development are currently concentrated, that are interwoven to allow Egypt to present itself as a world class provider of services and industry.The second pillar, considered as crucial part in benefiting all, is the provision of total access to the Internet and related services to encourage entrepreneurs and markets to fulfil their potential.The government's policy of e-Access is particularly oriented as a foundation for using the power of ICT to assist in the development of traditional and older industries in Egypt. Companies must be assisted in realizing their existing potential for output by exploring the application of new ICTs to create increased employment opportunities.The third pillar of Egypt's Information Society progress is maintaining regulatory policies have been put in place allowing Egypt to become an attractive foreign investment opportunity. Privatization is also encouraging freer markets, with the example of the Initial Public Offering (IPO) of Telecom Egypt towards the end of 2005, to allow new telecommunications opportunities. Attaining world class industry in Egypt is to come hand in hand with the creation of new employment, and not, as is often the case with modernization of industry, with downsizing and streamlining of companies. Expansion of the workforce, in the process of reaching the world stage, is being achieved through the creation of new and larger markets and capacity building.The government admitted that an open, market oriented, and stable economic environment is a necessary, but not sufficient condition to building a knowledge based society in Egypt. What was needed in addition was to supplement the aforementioned economic reforms with a focused and concerted effort that combines the imaginative use of emerging technologies with creative Public Private Partnerships and Multi Stakeholder Partnerships to accelerate development. The government maintains a strong and...

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