Minister of Investment and Foreign Trade Mohamed Farid reviewed Norwegian company Scatec’s investment portfolio in Egypt, including projects in renewable energy, wind power, energy storage, green hydrogen, green ammonia, and water desalination,

The Ministries of Electricity and Renewable Energy, Communications and Information Technology, and Investment and Foreign Trade discussed the executive steps required to prepare Egypt's national strategy for data centers and cloud computing, as part of efforts to attract foreign investment and support the development of the sector.

The National Telecommunications Regulatory Authority (NTRA) has licensed Hassan Allam Digital Infrastructure and Data Centre Solutions to establish and operate data centers, with initial investments of $400 million,

Egypt is preparing a national strategy to regulate the establishment of data centers as the government seeks to position the country as a regional and international hub for data traffic and digital services.

French company Valeo has inaugurated a research and development (R&D) center in Egypt for the development of AI solutions, set to be one of Valeo’s leading R&D centers globally.

The Egyptian General Petroleum Corporation (EGPC) signed a cooperation agreement with Cisco to establish a unified data center for the petroleum sector.

Raya Holding for Financial Investments has announced a $15 million investment in Raya Data Center (RDC), a subsidiary of Raya Information Technology, from Africa50, a pan-African infrastructure investor and asset manager.

INTRO Technology, the technology division of INTRO Holding and parent company of Advansys and Forte Cloud, has signed a memorandum of understanding (MoU) with Sterling and Wilson Data Center (SWDC) to oversee the contracting and construction of the Kemet Data Center.

INTRO Technology, the tech arm of INTRO Holding and parent company of Advansys and Forte Cloud, has signed a $450 million memorandum of understanding (MoU) with Oman Data Park to establish the Kemet Data Center in the Suez Canal Economic Zone (SCZone).