60 holding companies to undergo digital transformation

CAIRO – 27 February 2020: Sixty major holding companies will undergo digital transformation at a cost of 50 million dollars to improve business atmosphere and raise the efficiency of companies in markets.
Public Business Minister Hisham Tawfik attended the signing of 21 contracts in this regard.
IT companies; SAB Egypt, Microsoft, Viber Egypt, Nile Valley and Atos, will take part for the first time in carrying out this huge digital transformation project.
The companies were picked in an international tender held for this purpose in August of 2019.
Holding companies operating in the insurance, maritime and land transport, metal and chemical industries, cotton, spinning and weaving, tourism and pharmaceuticals domains will undergo the transformation process.
The digital transformation process will take 18 months to be executed, the minister said, adding that it will cover the management of companies' resources, development of infrastructure and honing skills of cadres.