IT Companies Sector Post EGP 45.5 Bln Capital by June’s End

The number of companies working in the field of communications and information technology reached 4758, including about 215.44 thousand employees, with a capital of EGP 45.51 billion. According to a report issued by the Ministry of Communications and Information Technology, such companies achieved an annual growth of around 1.04 % by the end of last June.

The report also confirmed the success of the Technology Houses Initiative, launched by the Ministry of Communications and Information Technology in September 2011 to serve the Technology Entry project. The aim of this initiative was to provide integrated services, including training programs,  e-government services, and the services offered to small-and-medium-sized industries). The report also added that 9 technology houses have been established in Sinai, and that the overall number of the technology houses opened up till now reached about 52.

Moreover, the report revealed that number of information technology clubs was 2163, including about 1955 with an access to the internet.

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