Despite the rapid progress in the Information and Communication Technology (ICT) sector in Egypt, the Egyptian government has scale up efforts to deal with the many challenges that affect Egypt‘s aspirations of becoming a regional and global hub.
To help the Egyptian economy recover from the political crisis, the Egyptian Ministry of Communications and Information Technology (ICT) has announced a new National ICT Strategy which aims to boost investment in the ICT sector to 55 billion EGP (almost US $8 billion).
The Ministry of ICT mostly plans to invest in infrastructure, granting 75% of Egyptian households access to internet at a speed of 2Mbps by 2015, and, by 2021, increasing access to 90% of households at 25 Mbps. It also hopes to offer 3G service to 98% of users by 2015, and 4G service for 90% of the population by 2021.
Today, technology remains a cornerstone of Egyptian society. The country’s telecommunications sector comprises several global service providers, including Etisalat Misr, Mobinil, Orascom Telecom and Vodafone.
The hope is that better infrastructure will increase the volume of e-commerce by 20% by 2017, boost e-banking by 30%, and, overall, increase the sector’s contribution to 5% of Gross National Income (around $25 billion).