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Egyptian Communications and Information Technology Ministry has signed
a $10m agreement with Google to support domestic business and workforce
development
Egypt's Ministry wanted the internet giant's support to provide an advertising platform for Egyptian products and services. As part of the deal, Google must invest 25% of the payment back into the Egyptian economy
Over the medium to long term, Google's $2.5m investment agreement is likely to include growing digital media start-ups, incubation venture capital, and angel funding of the ICT sector and potentially training students in online advertising.
EGYPT NEWS
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