The memo also covered other fields such as building human abilities, development of skills, industrial intelligence, e-learning, digital inclusion and international infrastructure, said a statement issued by the ministry.
The two ministers held talks on executive mechanisms.
The Minister of Communications offered an overview of work progress in a number of projects which are currently being implemented in the communications and information technology sector.
Those are in the sectors of infrastructure, logistics, port management, food industries, pharmaceuticals, traditional energy, renewable energy, e-payment, digital financial and information solutions.
The matter was discussed Thursday in a meeting comprising President Abdel Fatah al-Sisi and officials.
The MoU calls for promoting cooperation in technological projects to serve the Egyptian National Railways (ENR) and upgrading systems to ferry passengers.
Although the free trade part entails removing tariffs, that is not all.
Egypt has been expanding its public investments in digital transformation.
The three-year agreement aims at increasing the Egyptian exports of IT products and services, including the BPO and shared services.
Mahfouz underscored the full readiness of the ITIDA to boost joint cooperation with Iraqi companies and institutions, praising the deep-historic ties between Cairo and Baghdad.
There is growing need for qualified calibers and entrepreneurs who are willing to invest in the digital technology sector expanding consumers' access to its services.
That is driven by an increasing demand for technology use in all sectors.
Cohen elaborated that start-ups alone collected $100 million.
Total of 250 technology centers will be developed to provide 120 services across Egypt, Hala El-Said says.
The initiative was launched recently.
Private investments are worth LE6.9 billion in Egypt's ICT sector in FY2020/2021.
LE100 million are dedicated to archiving documents within the measures taken to achieve the relocation of the government and the parliament in 2021.
How Egypt’s vocational training programs are evolving.
The MoU is considered a first step towards signing a contract between the National Organization for Military Production and Newton.
Egyptian prime minister and Russian communications minister met to discuss cooperation in the sectors of IT and digital transformation.