The Saudi Ministry of Communication and Information and the Egyptian Ministry of Communications and Information Technology signed Tuesday a memorandum of understanding to boost mutual cooperation in fields of telecommunication and information technology.
The signing preceded the activities of the Arab Telecommunication and Information Council of Ministers held in Riyadh, knowing that Saudi Arabia and Egypt are looking forward to committed cooperation and participation in developing emerging technologies innovations.
Saudi Arabia's Minister of Communications and Information Technology Abdullah al- Swaha and Egypt's Minister of Communications and Information Technology Amr Talaat signed the MoU, in the presence of a number of officials, leaders, and heads of Arab delegations.
Swaha asserted that this MoU falls under the ministry’s efforts to cooperate with fraternal countries of high significance in the telecommunication and information technology sector.
In a statement on Tuesday, he added that the digital cooperation with the Egyptian side would drive digital innovation in a number of qualitative fields, investment in national cadres, and knowledge transfer.
The MoU seeks to promote cooperation in the telecommunication and information technology sector in order to serve mutual interests of fraternal countries. Based on this, the two parties would build human capacities via collaborating in growing digital capacities for youth.
Further, it consolidates innovation and entrepreneurship through committing to empowering entrepreneurs in Saudi Arabia and Egypt when it comes to emerging technologies and required support to magnify economic benefits, activate business accelerators, and organize a Saudi-Egyptian initiative for innovation and entrepreneurship.
The memorandum of understanding also includes joining efforts in artificial intelligence, exchanging expertise and best practices in this aspect, discussing means to encourage investment, and cooperating in digital transformation and awareness.