{"id":594662,"date":"2019-09-03T04:07:57","date_gmt":"2019-09-03T04:07:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/"},"modified":"2019-09-03T04:07:57","modified_gmt":"2019-09-03T04:07:57","slug":"egypt-targets-usd-4-7-bn-in-cit-exports-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/","title":{"rendered":"Egypt targets USD 4.7 bn in CIT exports in 2020"},"content":{"rendered":"<p>The Communication and Information Technology (CIT) Ministry is targeting USD 4.7 bn in exports (outsourcing) in 2020, compared to <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/04\/egypt-aims-to-grow-cit-exports-by-12-annually-3\/\">USD 3.2 bn<\/a> per year currently, the Information Technology Industry Development Agency (ITIDA) said in a report <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%a7%d8%aa%d8%b5%d8%a7%d9%84%d8%a7%d8%aa-%d8%aa%d8%b3%d8%aa%d9%87%d8%af%d9%81-4-7-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%b5%d8%a7%d8%af%d8%b1%d8%a7\/\">picked up by Al Mal<\/a>. The revised targets are markedly more ambitious <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/04\/egypt-aims-to-grow-cit-exports-by-12-annually-3\/\">than those announced in March<\/a>, which saw annual exports reach USD by 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Communication and Information Technology (CIT) Ministry is targeting USD 4.7 bn in exports (outsourcing) in 2020, compared to USD 3.2 bn per year currently, the Information Technology Industry Development Agency (ITIDA) said in a report picked up by Al Mal. The revised targets are markedly more ambitious than those announced in March, which saw [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9290],"tags":[214,72,2053,2369,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594662","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-cit","tag-enterpriseam","tag-outsourcing","tag-telecoms-ict","tag-trade","wpautop","entry"],"acf":{"mongo_id":"86a5dcae-ee94-4e33-a92a-271e07479fa8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594633],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt targets USD 4.7 bn in CIT exports in 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt targets USD 4.7 bn in CIT exports in 2020\" \/>\n<meta property=\"og:description\" content=\"The Communication and Information Technology (CIT) Ministry is targeting USD 4.7 bn in exports (outsourcing) in 2020, compared to USD 3.2 bn per year currently, the Information Technology Industry Development Agency (ITIDA) said in a report picked up by Al Mal. The revised targets are markedly more ambitious than those announced in March, which saw [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-03T04:07:57+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt targets USD 4.7 bn in CIT exports in 2020\",\"datePublished\":\"2019-09-03T04:07:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\"},\"wordCount\":65,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIT\",\"EnterpriseAM\",\"outsourcing\",\"Telecoms + ICT\",\"trade\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/egypt-targets-usd-4-7-bn-in-cit-exports-in-2020\/\",\"name\":\"Egypt targets USD 4.7 bn in CIT exports in 2020 - 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The average internet speed in the country has now reached 10 MB\/second, up from 5 MB\/second in 2018. State-owned Telecom Egypt has invested USD 2 bn to upgrade internet\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574729,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/","url_meta":{"origin":594662,"position":1},"title":"Egypt internet speed climbs six spots in Ookla Speedtest Global Index","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"Egypt climbed six spots in Ookla\u2019s monthly Speedtest Global Index to rank 91 out of 177 countries in fixed broadband speed. The average download speed is now 31.38 mbps. The CIT ministry had said earlier this year it isinvesting USD 1.6 bn to improve internet speed, with the aim of\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/telecom-egypt-to-begin-working-on-egp-40-bn-new-capital-it-network\/","url_meta":{"origin":594662,"position":2},"title":"Telecom Egypt to begin working on EGP 40 bn new capital IT network","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications network in the new administrative capital, cabinet said in a statement. TE will build and operate the city\u2019s tech and digital security infrastructure under an agreement signed between the state-owned\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594198,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/","url_meta":{"origin":594662,"position":3},"title":"Telecom Egypt to have 20 mn homes fiber-optic-supported by 2020","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"Telecom Egypt is planning to install optical fiber in 20 mn homes by 2020, CFO Mohamed Shamroukh said, according to Al Masry Al Youm. The company has already invested north of USD 3 bn to improve the country\u2019s internet infrastructure, Shamroukh added. We noted in July that the state-owned landline\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601561,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/egypt-aims-to-grow-cit-exports-by-12-annually\/","url_meta":{"origin":594662,"position":4},"title":"Egypt aims to grow CIT exports by 12% annually","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"Egypt aims to increase CIT exports by 12% annually over the next three years to reach USD 4.5 bn by 2021, Communications and Information Technology Minister Amr Talaat said. Egypt\u2019s CIT exports currently stand at USD 3.2 bn per year, accounting for 4% of GDP. The country aims to have\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595198,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/18\/te-to-complete-work-on-govt-district-in-nac-by-end-of-1h2020\/","url_meta":{"origin":594662,"position":5},"title":"TE to complete work on gov\u2019t district in NAC by end of 1H2020","author":"enterpriseam admin","date":"18 September 2019","format":false,"excerpt":"State-owned landline monopoly Telecom Egypt (TE) expects to complete telecommunication services for the new administrative capital\u2019s government district by the end of 1H2020, CEO Adel Hamed said, according to Mubasher. TE began working last week on an EGP 40 bn (c. 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