Mohamed Farouk and Ahmed Tarek Lead «People of Data» Summit to Shape Egypt’s AI-Driven Economic Growth

Cairo, 17 March 2026:

Cairo recently hosted the “People of Data – Sharks Edition,” a high-level gathering that brought together leading technology executives, artificial intelligence experts, and prominent investors to explore how AI can serve as a key driver of Egypt’s economic growth.

The event, organized by the People of Data community, focused on moving beyond theoretical discussions toward a practical roadmap for deploying AI across critical sectors. At the heart of the discussions was a central question: how can functional AI accelerate Egypt’s economic growth over the next 18 months?

The dialogue was grounded in real-world scale, with participation from leaders managing big data ecosystems that serve more than 50 million users in Egypt. This provided a practical perspective on how AI is already influencing market dynamics and reshaping everyday economic activity.

Discussions revolved around three strategic pillars. The first addressed the transformation of AI from a technical tool into a “virtual colleague,” and its implications for the future of work. The second focused on the role of private sector companies in leading the AI transition, rather than simply adapting to global trends. The third explored the requirements for Egyptian institutions to compete effectively in the global innovation landscape.

The initiative is led by People of Data co-founders Youssef Kamal and Magdi Moussa, alongside Reem El Tayeb, who plays a key role in advancing diversity and empowering female leadership in the technology sector.
From an investment perspective, businessmen Mohamed Farouk and Ahmed Tarek highlighted high-impact opportunities where AI applications can generate tangible and immediate economic returns.

Organizers emphasized that the “Sharks Edition” marks a significant step toward building a strong data-driven ecosystem in Egypt. The People of Data community aims to position itself as the leading AI platform in the Arab region by fostering collaboration between innovators and corporations, accelerating digital transformation, and supporting the development of a knowledge-based economy.

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