Egypt’s ICT sector attracts $3bln investments in 3 years

During fiscal year 2020/2021, the government plans to inject 300% more investments to the ICT sector

  
Raafat Yasar, 42, an engineering technician repairs IPhone mobile at his service store in Toukh, Al Qalyubia Governorate, north of Cairo, Egypt, November 15, 2018.

Raafat Yasar, 42, an engineering technician repairs IPhone mobile at his service store in Toukh, Al Qalyubia Governorate, north of Cairo, Egypt, November 15, 2018.

REUTERS/Amr Abdallah Dalsh

The ICT sector is expected to see 300% more investments in FY20/21

Cairo – Mubasher: The Egyptian information and communications technology (ICT) sector has attracted investments worth more than EGP 50 billion during the last three years, the country’s planning and economic development minister Hala El-Saeed said, according to state-run TV.

El-Saeed noted that the Egyptian economy has benefited from its diversified economy to record growth amid the coronavirus (COVID-19) crisis.

During fiscal year 2020/2021, the government plans to inject 300% more investments to the ICT sector, she added.

This came during the inauguration of several national projects by the Egyptian President on Sunday.

Source: Mubasher

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