Egyptian communication sector to grow 14% in Q1 - Minister

Cairo – Mubasher: Egypt’s communications and information technology (IT) sector is likely to grow to 14% during the first quarter of 2018, Egyptian communications and IT minister Yasser El-Kady forecast.

He added that the communication sector is expected to rise 9.5%, while the IT sector is projected to grow 4.5%, according to state-run news agency MENA.

The communications and IT sector has topped the country’s sectors in terms of growth in the past years, with an average growth rate of 12.5%, the minister highlighted.

In February 2018, the planning minister Hala El Saeed said that Egypt will invest EGP 26 billion in the communication sector over the next period.

Mubasher Contribution Time: 29-May-2018 09:04 (GMT)
Mubasher Last Update Time: 29-May-2018 09:04 (GMT)