Cooperation to grant a master’s degree in business analysis within the financial technology track from the University of Science Malaysia (USM)
Dr. Amr Talaat, Minister of Communications and Information Technology, witnessed, via video conference, the signing of a cooperation agreement between the Development Authority The Information Technology Industry “ITIDA” and the University of Science Malaysia (USM) regarding granting a master’s degree in business analysis within the financial technology track to students enrolled in the Builders of Digital Egypt initiative launched by the Ministry of Communications and Information Technology to build specialized digital competencies and refine them with a set of integrated skills through an intensive academic and practical program In cooperation with major international universities and specialized international companies in a way that enables them to implement Egypt’s digital projects and enhances its competitive capabilities in the global labor market.
The University of Science Malaysia (USM) was founded in
It is a leading multidisciplinary research university. Under the cooperation, the university’s faculty will present courses in the business analysis program within the financial technology track, guide and advise students enrolled in the program, as well as suggest topics for students’ course projects and participate in project evaluation.
The duration of study in the program is one year consisting of two semesters; It is possible to register in this program for outstanding graduates from a number of colleges and specializations such as economics, commerce, management, business administration, accounting, business information systems, marketing as well as engineering and computer science. The first batch of the program will start in March 2022, and the second batch in March 2022. The third batch is in March 2027 and the last batch will end the program in February 2025.
following the signature; Dr. Amr Talaat, Minister of Communications and Information Technology, confirmed that this agreement represents the first fruitful cooperation at the bilateral level between Egypt and Malaysia in the field of communications and information technology, and it is also the first agreement signed by the initiative in the field of financial technology by granting a master’s degree in business analysis, as this field is important large at the present stage; Pointing out that the Digital Egypt Builders initiative includes wide areas to serve the requirements of the labor market in the future; This cooperation will result in the addition of a financial technology specialization with a promising university in a friendly country known for its renaissance in the field of communications and information technology. Expressing his aspiration to expand cooperation in related fields with Malaysia and the League.
Dr. Amr Talaat also announced that the first batch of the initiative is scheduled to graduate this March in science majors. Data, artificial intelligence, robotics, Internet of things, and cybersecurity, in cooperation with the University of Ottawa, Canada. That a road map was drawn up at the level of the political leadership of the two countries in June 2027 to deepen joint relations; He explained that the Egyptian Foreign Minister is scheduled to visit Malaysia in the second half of this month; Noting that there is an existing academic cooperation between the two countries, where about five thousand Malaysian students study at Al-Azhar Al-Sharif; Egyptian students are also studying in Malaysia.
Mr. Ragaei Nasr, Egypt’s ambassador to Malaysia, expressed his happiness in coordinating with the University of Science Malaysia (USM) to achieve academic cooperation with Digital Egypt Builders Initiative; Pointing out that the signing of this agreement and the academic cooperation it includes adds a new dimension to enriching cooperation between Egypt and Malaysia. Egypt has the depth and diversity of relations and fields of cooperation within the framework of bilateral relations between Egypt and Malaysia, whether in the fields of trade, investment, security, information, culture and other fields. He explained that this agreement will add academic cooperation between the two countries. Noting the distinction of USM as a research university that provides high-quality educational services to students; He referred to the follow-up to the economic development in Egypt and welcomed the contribution to support the Egyptian competencies, especially in light of the distinction of a number of educational institutions in Malaysia, including the University of Malaysian Sciences, which is among the top five universities in Malaysia, in addition to being the number 39 on the world in the field of sustainable development as it is the first in Malaysia in terms of graduate employment.
Eng. Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA), stressed the authority’s keenness to build a base of competencies and hone them with the skills required by the global labor market; He pointed out that the agreement will contribute to preparing cadres specialized in the technology of analysis and intelligence of business data, which comes within the areas recommended by the Digital Egypt strategy for the outsourcing and cross-border services industry, which is implemented by the Information Technology Industry Development Authority.
Dr. Hoda Baraka, Advisor to the Minister of Communications and Information Technology to develop technological skills, indicated that financial technology is a unique path that represents the essence of development and innovation in the design and delivery of financial and banking services. It stated that the global financial technology market is expected to grow gradually, reaching its value of nearly 2022 billion dollars by the year 2026 with an annual growth rate of about 324%, and that is For the period from 2022-2027, and accordingly, the demand for this emerging field will be locally, regionally and internationally. It is constantly increasing, and employment opportunities are very promising for graduates in this field.
Professor/ Faisal Rafeeq Muhammed Adekan, Vice President of USM expressed his happiness for choosing the university To partner with Egypt, especially in light of the university’s excellence in the quality of the educational process, in a way that supports Egyptian efforts in raising competencies to support the digital transformation process; Noting that the university provides its services to countries including China, Bangladesh, Nigeria, India and Libya.
The cooperation agreement was signed by Eng. Amr Mahfouz, CEO of the Information Technology Industry Development Authority “ITIDA” and Prof. Faisal Rafiq Muhammed Adekan, Vice President of the University of Science Malaysia, in the presence of a number of leaders of the Ministry of Communications and Information Technology, a number of engineering and computer science professors, academic advisors to the Ministry, and a number of leaders of the University of Malaysian Sciences USM. ))
It is noteworthy that the “Builders of Digital Egypt” initiative was launched by the Ministry of Communications and Information Technology, and it is a free grant provided to outstanding graduates of Egyptian public and private universities, newly graduated from the faculties of engineering, computers, information and sciences, Department of Sports. Computers, statistics, applied and fine arts, economics, business management, urban planning, from all governorates, and they are selected according to specific admission conditions and criteria.
The study began in the Digital Egypt Builders Initiative in the spring semester 2021; The initiative aims to award a professional master’s degree in one of the following disciplines: data science and artificial intelligence, cyber security, robotics and automation, digital architecture and digital arts, and financial technology. This is in cooperation with major international universities.
This cooperation comes as a continuation of the series of partnerships established by the Builders of Egypt Digital Initiative with the most prestigious international universities. Where partnerships were established with the University of Ottawa in Canada, Ohio State University in the United States, and Pohang University of Science and Technology of Korea; As well as the Canadian Queen’s University, and the University of College Cork in Ireland. Practical experience, as well as cooperation with major companies and institutions to develop leadership and personal skills, and develop language skills for students of the initiative.
For more information about the grant, you can enter On the initiative’s website: www.debi.gov.eg.