Egypt’s government has made deregulation and development of its telecommunications sector a priority.
Egypt’s government has made deregulation and development of its telecommunications sector a priority.
- The Ministry of Communication and Information Technology’s sector development policy was translated into a comprehensive unified law, the Telecommunication Act, which was ratified by parliament in 2003. The policy seeks to increase the competitiveness of the Egyptian telecommunications market by fostering competition for business growth and establishing an institutional framework with an independent regulatory function.
- Currently, revenue from Egypt’s Information and Communications Technology (ICT) sector is growing at 15 percent annually, reaching nearly $1.9 billion last year.
- Nearly 3,000 ICT companies were operating in Egypt at the end of 2008, an increase of 25 percent from the previous year.
- In the fourth quarter of 2008, the ICT sector contributed to 4 percent of national GDP, up from 3.5 percent in the fourth quarter of 2007.
Source: Ministry of Communication and Information Technology