June 28, 2009
According to recent news, Google and the Egyptian Ministry of Communications and Information Technology have signed a $10 million contract regarding business and workforce development in Egypt.
Under the agreement, for the promotion of Egyptian products and services Egypt will use Google's advertising platforms and in return, Google is to invest 25% of the money back in to the Egyptian economy.
Google's investments in Egypt also include growing digital media start-ups, incubation venture capital, angel funding of the ICT sector and potentially training students in online advertising.
That's awesome! We know our business development definitely has potential so we're definitely looking forward to seeing the outcome of this agreement.