U.S. Launches Partnership to Boost Egyptian Technology Sector
July 12, 2012
Cairo--The United States government signed a grant with an Egyptian information and communications technology (ICT) firm today in Cairo to enable it to develop a new 1,000 data center with cloud computing services, Raya Data Center, as part of a campaign to increase the competitiveness of the Egyptian economy.
“This grant provides a low-cost means of getting Egypt’s economy back on its feet, while establishing it as a regional leader in ICT,” said U.S. Ambassador to Egypt, Anne W. Patterson. “A central focus of our work going forward will be expanding economic cooperation and trade between Egypt and the United States for the benefit of both countries.”
At a ceremony held in the dining room of the Ambassador’s Residence, Ambassador Patterson and Medhat Khalil, chairman of Raya Holding for Technology and Communications, signed the $286,000 feasibility study grant provided by the U.S. Trade and Development Agency (USTDA). The new facility will be able to offer a range of services including managed hosting, disaster recovery, business continuity, and data center management.