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Article: Expansion of ICT sector fuels Egypt's economic growth; New investment in Egypt's ICT sector results in 14.6 percent growth in last fiscal year.
- Article from:
- M2 Presswire
- Article date:
- August 26, 2009
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M2 PRESSWIRE-26 August 2009-ITIDA: Expansion of ICT sector fuels Egypt's economic growth; New investment in Egypt's ICT sector results in 14.6 percent growth in last fiscal year(C)1994-2009 M2 COMMUNICATIONS
RDATE:25082009
Cairo, -- Reports yesterday revealed that Egypt's overall economy expanded by 4.7 percent in the fiscal year through June, fuelled by the expansion of its information and communications technology industry which grew by 14.6 percent.
In the past year, Egypt has strengthened its position as one of the world's fastest growing outsourcing destinations through a number of international MoUs and investment in the country's ICT ...