Approval of the Prime Minister’s draft resolution authorizing Suez University to establish a new Egyptian joint-stock company under the name “Suez University for Integrated Services,” whose primary purpose is to provide technical consulting in the fields of engineering, finance, and commerce; to develop computer programs and systems; to provide training in all fields of applied and industrial sciences; as well as to develop and support student and research projects and transform their outputs into practical applications through business incubators and startups, in accordance with the provisions of the Law on Joint-Stock Companies, Limited Partnerships, Limited Liability Companies, and Single-Person Companies, and the Investment Law, provided that this does not conflict with the university’s objectives.
This approval comes within the framework of maximizing the utilization of scientific, research, technical, and human resources, as well as specialized units, and transforming them into services and products of economic value that contribute to increasing the university’s own resources, strengthening its role in serving the community, and supporting the goals of sustainable development, as well as to consolidate its position as a center of university expertise in providing consulting, technical, technological, research, and training services at the local and regional levels.