Egypt’s IT and IT-enabled services (ITeS) export industry was worth over USD 3.25 bn in 2017, a study conducted by International Data Corporation (IDC) showed. IDC expects the volume of exports to grow at a compound annual growth rate of 13.4% from 2017 to 2020. The study also shows that the overall Egyptian IT/ITeS industry employed over 292k people in 2017 — a figure that is set to grow to 378k by 2020. “The technology innovation ecosystem is booming in Egypt, with the United Nations Development Programme (UNDP) selecting Cairo to host its first Regional UN Technology Innovation Lab (UNTIL) in Africa in 2017,” IDC says.

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