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A Cooperation Protocol between eAswaaq Misr and the Industrial Modernization Center to Foster Local Industry and Boost Exports

September, 2023 – In line with the Egyptian government’s commitment to digital transformation and financial inclusion within the industrial sector, and in alignment with Egypt’s Vision 2030, eAswaaq Misr has signed a Cooperation Protocol with the Industrial Modernization Center aiming to promote exports and bolster the industrial landscape.

eAswaaq Misr is the organization entrusted with the launch of the B2B Market platform, as Egypt’s first national e-commerce platform tailored for factories and companies, digitizing industrial operations and stimulating the industrial sector. The platform seeks to generate new export opportunities, enhance the efficiency of local supply chains, and increase the value-added contribution to Egypt’s industrial sector, all in line with the National Program for Structural Reforms aimed at achieving sustainable economic growth in Egypt.

The protocol was signed by Mr. Mahmoud Osman, Head of E-commerce- Trade and Industry at eAswaaq Misr, and Mrs. Doaa Salima, Executive Director of the Industrial Modernization Center, alongside other dignitaries from both entities.

Mrs. Doaa Salima, Executive Director of the Center, highlighted that “the primary objective of this protocol is to synergize the Center’s efforts with eAswaaq Misr to attain the platform’s mission to localize the domestic industry through B2B transactions and maximize Egyptian exports. It also aims to transform marketing channels into digital avenues, aligning with the Egyptian government’s strategic vision for digital transformation and financial inclusion within the industrial sector”. She further explained that “the electronic market will be unveiled to showcase and distribute Egyptian products, spanning both finished goods and industrial production inputs for both export and the domestic market. This will be achieved by enlisting factories on the platform and offering a comprehensive “online catalog” for all products, with integrated electronic payment options and product delivery services”.

Mahmoud Osman commented “This fruitful collaboration marks a significant stride towards providing a suite of comprehensive services to the industrial sector. These services include registering factories, showcasing industrial products, managing production inputs and requirements, order tracking, sales, payment processing, settlements, and product delivery. These efforts aim to streamline electronic communication between sellers and buyers, both locally and internationally, while also promoting the products of participating factories. Ultimately, the goal is to enhance the competitiveness of Egyptian products, fortify domestic manufacturing, and stimulate local industries by opening new avenues for export opportunities.”

Islam Mamoun, CEO of eAswaaq, one of EFIG’s subsidiaries, revealed that the company has completed the first model in the mechanization process at the National Museum of the Egyptian Civilization, which has received great success since it’s opening, noting that it has also been applied in the Egyptian Museum in Tahrir and electronic gates are currently being added in preparation for their launch by the Minister of Tourism

Mamoun added that the company is also currently working on completing the 9 sites within the first phase of the project in “Hurghada, Sharm El-Sheikh, Islamic, Coptic, Haram, Citadel, and Saqqara” to be completed before the end of the year, and start mechanization in Luxor and then Aswan, provided that the development operations are fully completed within 7 months.

The project allows Egyptian and foreign visitors to book tickets for tourist attractions, museums and archaeological sites online and pay using credit cards or wallets via mobile, in addition to organizing access to these attractions through printed tickets, magnetic cards or through the use of a QR code on mobile devices.

He pointed out that the “Experience Egypt” application, which is being launched in cooperation with the Ministry of Tourism, is currently being completed and expected to be launched during the beginning of the last quarter of this year, as it allows it’s user to obtain the necessary information about Egypt and the sites that can be visited, as well as the possibility of booking tickets through it.

A Cooperation Protocol between eAswaaq Misr and the Industrial Modernization Center to Foster Local Industry and Boost Exports

In line with the Egyptian government's commitment to digital transformation and financial inclusion within the industrial sector, and in alignment with Egypt’s Vision 2030, eAswaaq Misr has signed a Cooperation Protocol with the Industrial Modernization Center aiming to promote exports and bolster the industrial landscape.

eAswaaq Misr participated in Seamless: Pioneering E-commerce’s Role in Digital Transformation

eAswaaq Misr proudly participated in Seamless, North Africa's premier event for the financial ecosystem. At this year's seamless event, Mahmoud Osman “Head of E-Commerce for trade and manufacturing at eAswaaq Misr”, took the stage to share insights on the crucial role of e-commerce in driving digital transformation. The focus of his session was to highlight the significance of eAswaaq Misr's ambitious initiative to develop the first national B2B multi-category platforms.

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Groundbreaking Integrated Platform for Egyptian Small and Medium Enterprises to be launched through a Collaboration between the Enterprise Development Authority and eAswaaq Misr

The Micro, Small and Medium Enterprises Development Authority (MSMEDA) and eAswaaq Misr, have signed collaboration agreement to introduce the first integrated electronic platform tailored for small and medium enterprises (SMEs) in Egypt. This initiative, which aims to digitize and enhance the support services for aspiring entrepreneurs and existing business owners, is set to be officially launched within the next three months.

eAswaaq Misr and Ministry of Tourism Expand Cashless Payment System to Five New Archaeological Sites in Cairo and Giza, Paving the Way for more Locations.

eAswaaq Misr and the Ministry of Tourism and Antiquities have been at the forefront, driving a remarkable change in the tourism sector. we are expanding our cashless payment solution to five more archaeological sites including the Pyramids of Giza, paving the way to more locations.

“Empowering Handicraft Producers in Red Sea Governorate: “Ayady Misr” held a Training Workshop and Enlisted 50 New Artisans.

A training workshop for handicraft producers organized by the Ministry of Local Development in collaboration with eAswaaq Misr and the World Food Program, took place in Red Sea Governorate, at Hurghada Media Complex. The primary objective of the training workshop was to enhance the proficiency of producers while introducing them to "Ayady Misr" platform.

Delegation from Ministry of Local Development Launches “Ayady Misr” Platform in New Valley Governorate

Mrs. Hanan Magdy, Deputy Governor of New Valley Governorate, hosted a delegation from the Ministry of Local Development and eAswaaq misr for the launch of "Ayady Misr" platform. The purpose of the platform is to market and promote local handicraft and heritage products as well as support the craftsmen sector in the governorate.

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