Egypt's internet economy could grow by 22% a year - study

Thursday 6 December 2012 | 15:19 CET | News
The internet contributed an estimated EGP 15.6 billion to the Egyptian economy in 2011 and could grow by an estimated 22 percent a year in nominal terms over the next five years, according to a study by Boston Consulting Group commissioned by Google. The internet's contribution to the country's economy represents 1.1 percent of GDP, comparable to sectors such as health services (1.3%), education (1.1%) and oil refining (1.1%). Drawing on comparisons with regional countries such as Saudi Arabia, Turkey and the UAE, the research sees three primary drivers of growth for Egypt's internet economy.

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Categories: Internet
Countries: Egypt
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