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Strengthened Tech and Economic Ties

On the sidelines of the B20 Summit 2026 in Washington, D.C., Minister of Planning and Economic Development Dr. Ahmed Rostoum and Minister of Investment and Foreign Trade Dr. Mohamed Farid oversaw the signing of a key agreement between Forbes International Tower and Aidan Looking Glass (ALG). The partnership will establish a state-of-the-art data center at the Forbes International Tower in Egypt's New Administrative Capital, with Egyptian Ambassador Mohamed El-Molla attending the ceremony.

Driving Private Sector Growth & Digital Innovation

Dr. Rostoum stated that the agreement bridges US technological capabilities with Egypt's expanding digital ecosystem. He reiterated the state's plan to activate Phase II of the "State Ownership Policy Document," aimed at enabling the private sector to lead national development, elevate living standards, and accelerate an AI-driven, knowledge-based economy.

Real Estate as a Catalyst for National Development

Highlighting the strategic weight of construction and real estate, Dr. Rostoum described the sector as a primary engine feeding dozens of related industries and creating sustainable job opportunities. The deal reflects ongoing efforts following August talks with Forbes Global Properties and Magnom Properties to transfer technology and attract foreign direct investment under Egypt Vision 2030.