IT Sector Plans for FY 2023/24

Updated 6/17/2023 5:00:00 PM
IT Sector Plans for FY 2023/24

The output of the Information Technoloy (IT) sector in Egypt is estimated at EGP 346 billion, constituting more than 5% of GDP in the next fiscal year (FY) 2024/23, according to the Ministry of Planning and Economic Development. 

A total of EGP 83.4 billion were allocated as investments for this sector in the FY2023/24, with a growth rate of 49% over the expected investments for the current FY2022/23.

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