ICT is Egypt's second largest growing economic sector: minister

Reuters Images/Mohamed Abd El Ghany

Egyptian communications and IT industry is expected to achieve a growth rate of $8.9 billion in 2016 and $10 billion in 2019.

Nayera Eid, Amwal Alghad

June 29, 2016

EGYPT TELECOMMUNICATIONS

PHOTO

29 June 2016
Communications and information technology industry is the second biggest economic sector in Egypt, the country's communications minister Yasser El-Kady said on Tuesday.

Communications sector has lately witnessed many achievements given that the current political leadership pays great concern for the sector, which represents now a backbone of the country's development, El-Kady added.

According to the American market research International Data Corporation (IDC), Egyptian communications and IT industry is expected to achieve a growth rate of $8.9 billion in 2016 and $10 billion in 2019. This rise is attributed to increased expenditures on IT services and software that will enjoy compound annual growth rates of 9 percent during the year of 2019.