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.