Egypt excels in terms of AI contribution to GDP

April 04, 2021
Egypt precedes Latin America in "artificial intelligence" Egypt precedes Latin America in "artificial intelligence"

Daily Times: - Egypt surpassed all Latin American countries in terms of the contribution of AI to the GDP, which is set to reach 7.5% by 2030, and advanced 55 places in the government's AI Readiness Index to become the 56th out of a total of 172 countries.

This is what the advisor to the Minister of Communications and Information Technology, Sally Radwan, said during the annual conference of the National Planning Institute on digital economy and sustainable development in the presence of Dr. Alaa Zahran, Director of the Institute, and Dr. Ashraf El-Araby, former Minister of Planning and Economic Reform.

Sally Radwan said: The telecommunications sector was one of the fastest growing sectors, achieving 16%, and its contribution to the GDP is estimated at 107 billion pounds.

She mentioned that Egypt ranks fourth in terms of Internet speed in Africa, as it ranked first in terms of the number of startups and second, as well as the volume of investments in the region.

She pointed out that nearly 400 million pounds have been allocated to train young people on e-commerce, which will contribute to the digital transformation undertaken by the state.

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