Egypt’s Prime Minister Mostafa Madbouli visited the technology park project in the New Beni Suef city on Wednesday. The park has a total investment of EGP 430m.
It is being implemented within the government’s plan to expand the establishment of science and technology areas across different governorates, starting with the areas, Borg Al Arab, Al Sadat, 10th of Ramadan, New Beni Suef, New Assiut, and New Aswan.
These parks are being implemented in partnership between the ministries of housing and telecommunication, aiming to reach out for young talents and provide a work environment that enables them to offer an added value for the society.
Earlier, Minister of Communications and Information Technology Amr Talaat told Daily News Egypt that seven technological parks will be launched in 2019 in different universities at a total cost of EGP 1bn.
During the Euromoney Egypt 2019 conference, Talaat revealed that the parks will be financed through the ministry’s resources in parallel with the beginning of the new academic year.