Egypt's PM Meets Apple's Chief in Davos 2019

By: Mohamed Wadei and Nawal Sayed

CAIRO, Jan. 22 (SEE) – On the sideline of World Economic Forum, known as Davos 2019, Egypt's Prime Minister Moustafa Madbouli met with Apple's Executive Chief Tim Cook, in the attendance of ministers of Investment, Finance and Trade and Egyptian Ambassador to the United Nations Alaa Youssef.

Madbouli said that Egypt is looking forward to

hosting Foreign Direct Investment (FDI) amidst increasing popularity of the

tech giant in the Egyptian market.

"Egyptian

government has an ambitious plan, backed by President Abdel Fattah El Sisi, to

turn Egypt into a regional hub for electronic and technological industries,"

the prime minister said on Tuesday.

Moreover, Madbouli

pointed out to the ambitious program for the development of education in Egypt,

which provides 750 thousand Tablets annually for high school students,

stressing the possibility of Apple to benefit from this ambitious project

through competition to provide these devices.

The prime minister

referred to Egypt's establishment of the new administrative capital, with its

entire technology-based infrastructure, as well as 14 other new urban cities,

including smart cities.

On his part, Cook

stressed Apple's eagerness to invest in Egypt, noting that the corporate

seriously intends to direct its FDI destination towards Egypt.

"More than

38,000 persons working for Apple inside Egypt in the field of developing the

IOS," Cook said.

Apple's executive

chief welcomed cooperation with Egypt in the field of education and technology,

especially as this field is in line with the company's vision and objectives in

the field of education development around the world.

Cook concluded by

saying that what he heard during the meeting about President Sisi's interest in

the development of technology and electronics, as well as the Egyptian

government's enthusiasm for Apple's investments.

In this regard,

Premier Madbouli invited Cook to visit Egypt soon to meet with the ministers

concerned to formulate the details of the company's plan of action in this

regard.