Egypt has invested in developing world-class infrastructure facilities, including real estate, telecommunications and internet connectivity. Smart Village on the outskirts of Cairo provides a state-of-the-art home for over 20,000 people working in the outsourcing industry. In addition, the Maadi Park in Cairo will be up and running in 2012 for 30,000 people working in business process outsourcing.
The Smart Village and Maadi Park will ultimately be home to over 100,000 professionals. Developments in other cities such as Alexandria are also under way.
Egypt is committed to protecting intellectual property rights (IPR). Following the introduction of a new Intellectual Property Law in 2002, the Intellectual Property Rights Office was established to reinforce these changes and administer a national copyright system. In addition, the Office works with national and international organizations to increase awareness and understanding of IPR.
Egypt recognizes the importance of being able to do business online securely and confidently. To this end, the e-Signature Law was introduced in 2004 together with the regulatory authority, in ITIDA, responsible for overseeing and facilitating the use of e-signatures.
This provides the basis for the security of all IT applications, e-commerce, and e-business in Egypt. Anti-corruption Egypt’s initiatives to reduce corruption range from the Anti-Money Laundering Law of 2002, through the long-running government ‘Say no to corruption’ campaign, multiple anti-corruption agencies, and various monitoring and prosecution authorities. Together with 140 other countries, Egypt has signed the UN Anti-Corruption Convention.
As a country, Egypt is investing heavily its infrastructure. The opening of the new terminal at Cairo International Airport, the second busiest in Africa and primary hub for Star Alliance member EGYPTAIR. The new terminal is equipped with the latest state-of-the-art technology including self-service kiosks, biometric immigration and a fully-automated baggage-handling system. With the new terminal and investments in road links to the airport, Cairo International Airport is set to become a major hub between Africa, the Middle East and Europe.