Egypt's telecommunications sector grows 16.3% over the past fiscal year

The ICT sector in Egypt achieved a growth of 16.3% in the last fiscal year 2021/2022 to become the highest growing sector among the various sectors of the state

According to the Egyptian Economic Performance Indicators Report for the past fiscal year, ICT is one of the sectors that came out on top in terms of the number and value of transactions within the framework of acquisition and merger activity in the Middle East and North Africa (MENA) communication region during the first half of 2022.

The Egyptian economy recorded a growth of 6.6% during the last fiscal year 2021-2022 compared to 3.3% during 2020-2021.

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