The Egyptian government executed in 2018 12 projects in the information and communications technology (ICT) sector at a total value of EGP 1.3 billion, according to a statement released by the cabinet’s media centre Saturday.
In addition, 999 startups were established during the first three quarters of 2018, with combined capital amounting to EGP 976 million, the statement added.
Exports of information technology services have been estimated at more than $3.25 billion, according to an infograph posted by the centre on its official Facebook page.
The total gross national product of the ICT sector in Egypt increased by 14 percent, amounting to $80 billion, during the 2017-2018 fiscal year compared to $70 billion for the year before, the centre added.
The volume of ICT investments witnessed a remarkable 38 percent increase to reach $21.8 billion compared to $15.8 billion during the 2016-2017 fiscal year, the centre noted.