Aly ElShalakany

Partner

Egypt

Partner at Shalakany Law Offices

Egypt launches its first government data and cloud computing center

Situated along the Ain Sokhna highway, the center spans 23,500 square meters, with 10,000 square meters designated for current infrastructure.

There is no final decision yet regarding whether or not to extend the initiative to exempt gold imported for personal use from customs after 10 May.

The FY2024/2025 budget is based on oil prices of $82 per barrel, up from $80 per barrel in the current FY2023/2024.

The complex was designed in a manner to compliment Sharm el-Sheikh’s status as a tourist city.

Egypt aims to achieve a primary surplus of EGP591.4 billion, or 3.5 percent of GDP, in the next fiscal year 2024-2025.

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