Egypt's Cabinet approves establishing Digital Egypt Fund

The Egyptian Cabinet approved Tuesday important decisions during the government’s meeting this week, most notably the rationalization of investment spending for a period of six months, in addition to the establishment of the Digital Egypt Fund.

The cabinet reviewed the current changes in the fertilizer market, and assigned the Prime Minister to form a specialized committee to develop urgent solutions, according to a statement issued, Tuesday.

The Egyptian Cabinet approved a draft law establishing the “Digital Egypt” fund, which states that “a fund called “Digital Egypt” will be established, which will have a public legal personality.

The fund aims to activate and promote the services of the digital community, support, and develop the system’s mechanisms and ensure its sustainability, as well as supporting the various sectors of the state to implement relevant plans and initiatives and spread awareness of digital services.