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Egypt aims to increase the contribution of the information communication technology (ICT) sector to 8 percent of its gross domestic product (GDP) within three years, its telecoms minister said on Sunday.
The ICT sector accounted for 4.4 percent in the 2019/2020 financial year that ended on July 2020, Amr Talaat told a local press.
“The ICT is the fastest growing sector in Egypt in previous financial year 2019/2020 … and we are targeting a growth rate of almost 16 percent in the current financial year (2020/2021).” Talaat said.
The minister added that the country’s ICT sector had generated investments worth around 48 billion Egyptian pounds ($3.05 billion) in the FY 2019/2020, representing a year-on-year growth of 35 percent.
