0
IT

Egypt's ICT sector attracts USD 3 bln investments in 3 years

Tuesday 14 July 2020 | 12:39 CET | News
Egypt's ICT sector has attracted investments worth more than EGP 50 billion during the last three years, planning and economic development minister Hala El-Saeed said, according to the Daily News. El-Saeed said the Egyptian economy has benefited from its diversification and recorded growth during the coronavirus crisis. In the fiscal year 2020/2021, the government plans to inject 300 percent more investments in the ICT sector, she added.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General / IT
Countries: Egypt
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Egypt raises stamp duty tax on telecom services

Published 20 Jul 2020 09:12 CET | Egypt
The Egyptian government has raised the stamp duty tax on telecom services from July, Ahram Online reported. This is the first ...

Egypt ICT ministry to set up computer centre for national space agency

Published 07 Jul 2020 13:17 CET | Egypt
Egypt's Ministry of Communications and Information Technology (MCIT) has signed an agreement with the Egyptian Space Agency ...

Egypt spends USD 1.6 bln to increase internet speed, aims for 40 Mbps average in 2021

Published 19 Jun 2020 09:42 CET | Egypt
The Egyptian government says it has spent about USD 1.6 billion to increase internet speed, EgyptToday reported. Minister of ...

Samsung to invest USD 84 mln in Egypt in 5 years, including computer screen manufacturing for export

Published 02 Jun 2020 09:51 CET | Egypt
Samsung is planning to invest nearly USD 84 million in Egypt over the next five years to take advantage of new incentives ...

Egyptian ICT minister appoints El Guindy as assistant minister for strategy and implementation

Published 05 May 2020 09:28 CET | Egypt
Egypt's ICT minister Amr Talaat has issued a decree to appoint an assistant minister for strategy and implementation, according ...

Egyptian communications networks suffer overload caused by coronavirus

Published 06 Apr 2020 10:00 CET | Egypt
Communications networks are overloaded by the unprecedented usage pressure caused by the coronavirus pandemic, the Daily News ...

Egypt's first smartphone maker to export to Germany from Nov

Published 30 Oct 2019 13:18 CET | Egypt
Egypt's first smartphone maker, Silicon Industries Corporation (SICO), said it will begin exporting devices to Germany in ...

Egypt government seeks ICT partnership with US

Published 22 Jul 2019 10:19 CET | Egypt
Egyptian ICT minister Amr Talaat has met with Myron Brilliant, the executive vice president and head of international affairs at ...

HitekNofal Solutions, Hengtong Group set up fibre-optics plant in Egypt

Published 05 Mar 2018 09:59 CET | Egypt
Egyptian ICT Minister Yasser El-Kady is set to inaugurate a fibre optics factory owned by HitekNofal Solutions and the Chinese ...

Yangtze Optical Fibre & Cable mulls Egyptian factory

Published 20 Feb 2017 10:42 CET | Egypt
ICT Minister Yasser ElKady has held talks with officials from Chinese company Yangtze Optical Fibre and Cable (YOFC) and Huawei ...

ZTE inks agreement to set up factory in Egypt

Published 02 Dec 2016 11:25 CET | Egypt
ZTE is among three Chinese companies that have signed framework agreements for the establishment of electronics factories in ...





Calendar   /   Industry Events

10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Ceva Q2
10 Aug Gogo Q2 2020
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
11 Aug Zoom Telephonics Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Radcom Q2 2020
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug United Internet H1 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Singtel fiscal Q1
13 Aug Teleste Q2 2020
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items