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On December 1st. 2004, Summit Technology Solutions – holding company for Orascom Technology Systems (OTS), sponsored a special event organized by the Executive Board of Egypt’s International Forum (the Forum) in honor of the Prime Minister of Egypt H.E. Dr. Ahmed Nazif.

The event was done in the format of a presentation by the Prime Minister who spoke about Egypt’s government’s vision; investment, trade, privatization, policies.......etc, plus a debate that was conducted by the audience, and the two International Moderators , Business Week - John Rossant, Europe Editor, and Nik Gowing, main presenter, BBC News.

The attendees of this event were the Forum’s membership that comprises of prominent Egyptian businessmen together with business leaders, media, members of the Egyptian parliament and government, members of the diplomatic corps as well as delegations coming from Greece, Turkey and the Arab world.

On December 15th 2003, the Egyptian based Orascom IT Group and Sumitomo Corporation of Japan announced the launch of a significant new joint venture in the field of information technology and communications. The two have established a joint venture company called Summit Technology Solutions. It is a “first of a kind” investment partnership between an Egyptian IT company and a Japanese multinational corporation.

Sumitomo Corporation
Background

Sumitomo Corporation was founded in 1919 and today has a truly global presence with over 130 locations in 73 countries. It conducts commodity transactions through its worldwide network, provides finance, organizes and coordinates major projects and invests in a broad spectrum of businesses from Information, electronics and media through finance and logistics, mineral resources and energy development, goods and services, machinery and electric business, real estate and manufacturing to retail.

Sumitomo Corporation can be described as an institution within the business community in Japan. The history of the Sumitomo Group stretches back around 400 years and can be traced to its origins in copper smelting and mining.

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