Egypt digital industry seen doubling to 8% of GDP

The contribution of the digital economy industry to Egypt’s GDP is expected to rise from 4 percent to 8 percent in the coming years, said former Communication Minister Atef Helmy on Monday.

Helmy made his remarks during the First Arab Digital Economy Conference in Abu Dhabi, held under the patronage of Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the UAE’s Armed Forces.

The percentage of companies hinging on the digital economy in Egypt amounted to 7 percent, compared to 18 percent and 15 percent in UAE and Saudi Arabia, respectively.