The development of Egypt’s ICT sector is supported by concerted efforts to diversify the economy and develop knowledge-based industries. In FY 2019/20 and FY 2020/21 the sector’s growth significantly outpaced that of the broader economy. This trend is set to continue, with the government working to bolster internet access in rural areas, improve service delivery, and develop infrastructure that will support data centres and technologies such as artificial intelligence (AI). The acceleration of…
ICT & Innovation
From The Report: Egypt 2022
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The development of Egypt’s ICT sector is supported by concerted efforts to diversify and develop a knowledge-based economy. Indeed, ICT’s contribution to GDP steadily rose from $5.1bn in FY 2017/18 to $8bn in FY 2020/21. Moreover, the pandemic saw a swift increase in demand for telecom services. In September 2021 the authorities announced a $360m plan to provide more than 60m people in 4500 villages with fibre-to-the-home internet. Moreover, the establishment of smart cities will also drive the adoption of next-generation technologies such as the cloud computing, artificial intelligence and 5G, with the internet’s contribution to GDP forecast to expand from $15.5bn in 2020 to $26bn in 2025 and $103.3bn in 2050. Finally, the government is working to develop digital payments and online shopping that will help sustain investment as companies adapt to meet new customer demands. This chapter contains an interview with Adel Hamid, CEO, Telecom Egypt.