Developing Egypt’s ICT Sector will Increase Revenues to EGP33 bln by 2020: Minister

Egyptian Information and Communication Technology (ICT) Ministry Atef Helmy stated that the gross domestic product (GDP) of outsourcing services tumbled by 4% within 2014. He noted that ICT sector eyes to record 8% rates by 2020.

On the sidelines of Canadian Chamber of Commerce meeting in Egypt today, Helmy noted that the  revenues of developing telecommunications will increase the country’s revenues by EGP33 billion within the next 15 years as well as encouraging and alluring investments along with improving Egypt’s position and creating 150.000 job opportunities.

ICT growth rates reached 10% in contribution with GDP which reached 3.8% (EGP58.3 billion) during the fiscal year of 2013/2014.