CAIRO - 28 July 2022: The Information and Communications Technology (ICT) sector in Egypt is very robust and it’s the highest growing sector with a growth rate of 16 percent in 2020/2021, compared to 15.2 percent in 2019/2020, CEO of Egypt’s Information Technology Industry Development Agency (ITIDA), Amr Mahfouz told the Polish-English business magazine, Focus on Business. “The value of Egypt’s digital exports grew from $4.1 billion in 2019/2020 to $4.5 billion in 2020/2021,” he added. According to ITIDA’s CEO, ITIDA offers incentives and assistance designed carefully from an investor's perspective and provided through the entire business lifecycle. It primarily targets to improve the overall cost competitiveness of Egypt's offshoring industry, attract more foreign direct investment and encourage the expansion of existing industry players and investors. Digital Egypt strategy for offshoring industry consists of three main pillars: development of talent capabilities; development of industry ecosystem; and promotion of Egypt in international markets.

Source: Libya Today July 28, 2022 17:28 UTC