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Investment Minister on AI and Energy Challenges
The article focused on statements by the Minister of Investment and International Trade, Dr. Mohamed Farid Saleh, regarding the impact of artificial intelligence on the world and the challenges of providing energy for data centers that support this sector. He confirmed that the problem with AI is not the availability of servers, but rather the energy required to operate them, especially since countries leading in this field are those with significant energy capacities or have liberalized this issue to the private sector. He also pointed out that Egypt has achieved a 19.8% increase in the number of companies established during the first half of the year. Additionally, the ministry will issue monthly reports on investment and trade movements, emphasizing the importance of digitization. He highlighted that the automotive industry is advanced and ready to attract investments, and that national industries such as textiles, chemicals, and agricultural manufacturing are prioritized sectors for development and investment in Egypt.
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