Egypt’s ICT investments hit EGP 35bn in 2019

By: Abdullah Bedeir & Islam Fadl

Cairo – Mubasher: Investments in the Egyptian information and communications technology (ICT) sector grew by 25% to EGP 35 billion in 2019 from EGP 28 billion, advisor to the minister of communications and information technology Golestan Radwan revealed.

Exports of the ICT sector increased by 12.5% to $3.6 billion this year, compared to $3.2 billion, Radwan said on behalf of the communications minister during Ahram Economic Conference on Sunday.

As one of the top growing sectors, the country’s ICT sector, which contributes 3.2-4% to gross domestic product (GDP), grew by 16% to EGP 93 billion from EGP 80 billion, Radwan noted.

Mubasher Contribution Time: 22-Dec-2019 11:05 (GMT)
Mubasher Last Update Time: 22-Dec-2019 11:05 (GMT)