Egypt Eyes EGP9 bln Investments in Submarine Cables by 2020

The Egyptian Information and Communication Technology Ministry is aiming EGP9 billion investments by 2020, Atef Helmy the Minister revealed.

On the sidelines of American Commerce Chambers today, Helmy explained that 18 submarine cables are passing through Egypt with 160.000 Km.

This project will implement in partnership between the public and private sectors PPP, noting that the government will bear 20% of the costs of these investments.