Egypt's ITIDA clocks $1.1bn in ICT exports

Eng. Yasser ElKady, CEO, ITIDA

Egypt’s Information Technology Industry Development Agency (ITIDA) announced that the country’s outsourcing industry achieved the ICT export revenue to the tune of $1.1bn and it expects that the next wave of growth would easily help them to achieve the target of $10bn by 2020.

The sector has recorded strong and consistent growth this year, with a 12% increase in the number of ICT companies in Egypt, and a nearly 10% increase in the number of people employed in the sector.

“There have been a number of fantastic ICT success stories as Egypt continues to mark its appeal to global companies with 17 new investments by multinational companies in the past two years and a number of substantial deals taking place in the last 12 months,” according to Eng. Yasser ElKady, CEO, ITIDA.