e-finance Partners with Egyptian Cabinet Unit to Host AI-Powered ”Rasheed” State Asset Platform
Financial Enterprises Group (e-finance) has signed a cooperation protocol with the State-Owned Enterprises Unit under the Egyptian Cabinet to host and operate the digital infrastructure for "Rasheed," the national platform designed to inventory, classify, and track state-owned and state-affiliated companies.
The agreement was signed by Eng. Hossam El-Goly, CEO of e-finance, and Dr. Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit.
Advanced Digital Infrastructure & AI Integration
Under the terms of the protocol, e-finance will provide a secure digital infrastructure comprising cloud hosting, protected storage, and computing power specifically tailored to run artificial intelligence (AI) applications for the "Rasheed" platform.
The platform leverages AI models to monitor and analyze the operational and financial performance of state-owned entities in real time, enhancing data accuracy, optimizing portfolio management, and empowering decision-makers with timely insights.
Key Highlights of the Partnership:
Data Protection & Compliance: Ensures operational continuity and adherence to international cybersecurity and data governance standards.
AI-Driven Governance: Utilizes predictive analytics to evaluate state enterprise performance and support state asset optimization.
Scalable Hosting: Capitalizes on e-finance’s state-of-the-art data centers to host strategic national applications.
Executive Statements
Dr. Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, highlighted the strategic value of the project:
"Partnering with e-finance is a crucial step in providing a secure, reliable digital infrastructure capable of powering the 'Rasheed' platform efficiently. Protecting government data while utilizing AI applications will significantly enhance portfolio management for state-owned assets and support informed decision-making."
Eng. Hossam El-Goly, CEO of e-finance, affirmed the company's commitment to state-level digital initiatives:
"This protocol reflects e-finance’s ongoing dedication to delivering secure, scalable digital infrastructure for national projects. We continue to invest in cutting-edge technologies and data centers to guarantee maximum availability and reliability, supporting Egypt's vision for an integrated digital economy and robust asset governance."