ZONE Cluster opens up opportunities in Egypt

ZONE Cluster opens up opportunities in Egypt

 

ZONE Cluster took part in a diplomatic and business meeting in Cairo, attended by Minister of National Economy Márton Nagy at the invitation of Dr. Amr Talaat, Minister of Communications and Information Technology of the Arab Republic of Egypt. Discussions centred on information technology, telecommunications, and artificial intelligence.

 

Egypt is investing significantly in establishing a digital industry and cultivating the necessary skilled workforce, seeking close cooperation with companies and operators active in the EU.

The Hungarian delegation, comprising nearly 25 participants, included representatives from Hungarian technology-intensive businesses, universities, and research institutes looking for business partners. Experts in the delegation, primarily working in info-communications, industrial automation solutions, artificial intelligence, and self-driving vehicles, were selected based on the interests of the Egyptian partners.

Established in 2018, ZONE Cluster is a collaboration platform between automotive, aerospace, IT, and electronics companies. Its primary aim is integrating R&D and innovation capacities in new mobility solutions and intelligent transport systems. Our cluster’s activities encompass research and development, education, and business digitalisation services. Having significant experience in the above, ZONE Cluster effectively supported the business meeting as a prime opportunity for academic and business networking.

Márton Nagy highlighted that the Ministry of National Economy welcomes the intent to forge a cooperation agreement between the two countries in the field of info-communications. One of the visit’s goals was to finalise the content of this agreement. He emphasised that the cooperation could cover areas such as Artificial Intelligence, 5G, IoT, Open Ran, Augmented Reality, Blockchain, Fintech, and E-Commerce. This collaboration is expected to yield positive economic impacts and elevate and deepen bilateral relations.

Numerous Egyptian and Hungarian companies, research institutes, and universities participated in the business forum. In his address, Márton Nagy underscored that artificial intelligence is crucial for significantly enhancing competitiveness and is a pivotal technology for the future, contributing to investment and efficiency.

Hungary aspires to be among the EU’s top ten most digitally advanced countries by 2030. Achieving this requires a dual transformation: a digital transition alongside a green transition. Hungary’s AI objectives include:

  • Achieving 15% AI-related GDP growth by 2030
  • A 26% increase in SME productivity
  • Creating 1 million AI-related jobs