Expenditure on IT Services in Egypt surge to EGP20 billion

In Egypt, associations’ total expenditure on the information technology industry surged to around 20 billion Egyptian pounds (US$2.6 billion), vice president of ITIDA said Monday.

According to Hossam Osman, Vice President of Egypt’s Information Technology Industry Development Agency (ITIDA), the hardware services in the country capture 85% or 17 billion pounds of the total expenditure.

Meanwhile, the technical and software services seize 15% or 3 billion pounds approximately, he noted during a business forum on programming industry that ITIDA holds on Monday.

Moreover, he noted that ITIDA seeks- through its strategy- to develop the programming industry services and double it production volume in the upcoming volume.