Egypt’s Chamber of Information and Communication Technology (CIT), a key body for the country’s digital industry, has signed a cooperation protocol with the Egyptian Lebanese Businessmen Association (ELBA Egypt). The agreement is designed to deepen technology’s role in the economic growth of both Egypt and Lebanon and to strengthen collaboration between member companies in the two nations.
Quick Facts
- Fostering Egypt-Lebanon tech collaboration.
- Supporting startups and digital transformation.
- Opening new regional markets for companies.
- Linking tech solutions to business challenges.
Bridging Tech and Business Ecosystems
The protocol was officially signed by Eng. Khaled Ibrahim, Chairman of CIT, and Amr Fathouh, Head of the Entrepreneurship and SMEs Committee at ELBA, on behalf of the association’s president, Eng. Fathallah Fawzy. The partnership aims to create a framework for exchanging expertise, transferring technology, and developing innovative digital solutions across various economic sectors.
“This collaboration is an important window for technology companies and digital solution providers to access the Egyptian and Lebanese business communities,” stated Eng. Khaled Ibrahim. He emphasized that the agreement aligns with CIT’s vision to help member companies enter new foreign markets and to bolster innovation and entrepreneurship.
The agreement focuses on several key areas, including supporting digital transformation initiatives, fostering an innovation-friendly environment, and connecting startups and SMEs with larger corporations.
A Gateway to New Markets
For his part, Eng. Fathallah Fawzy, President of ELBA, expressed that the protocol is a fundamental pillar for integrating efforts between Egypt’s tech sector and Lebanon’s business community, which will boost the competitiveness of companies in both countries.
Fawzy highlighted that the future of industry and commerce relies heavily on integrating digital solutions. He noted that the partnership will help remove barriers for companies looking to upgrade their technological infrastructure. Planned activities include joint conferences, specialized exhibitions in both countries, and the potential formation of joint business councils.
ELBA aims to increase investments between Egypt and Lebanon by organizing bilateral business meetings, trade missions, and promoting member products to commercial delegations throughout the year.
Executing the Vision: Joint Initiatives
The agreement outlines a practical roadmap for integrating startups into the digital economy. Amr Fathouh explained that the collaboration will include concrete initiatives such as capacity-building programs for entrepreneurs, exhibitions in industrial cities to showcase Egyptian IT solutions, and training programs for ELBA members.
Further cooperation will involve joint coordination on the “Digital Nation” conference to promote digital transformation culture. Startups will also have the opportunity to participate in the upcoming “Youth of Industry and SMEs” conference.
The partnership also extends to organizing specialized missions for tech companies, holding sessions on AI applications in industry, and forming a joint committee to monitor the protocol’s implementation and evaluate its outcomes. Both parties confirmed the agreement is part of an integrated plan to support member companies, particularly those in industrial zones, and to organize reciprocal business visits to deepen economic and technological ties.
About The Chamber of Information and Communication Technology (CIT)
The Chamber of Information and Communication Technology (CIT) is an Egyptian entity operating under the Federation of Egyptian Industries. It serves as a non-profit organization representing and advocating for the ICT industry in Egypt, working to support its member companies, foster innovation, and drive the country’s digital transformation agenda.
Source: Fintech Gate
