COUNTRY FOCUS
Egyptian ICT companies close $ 2 million deals
Egyptian Government ’ s strategy aims to increase the industry ’ s contribution to national GDP from EGP 52 billion in 2014 to EGP 70.2 billion by 2020 and create up to 300,000 job opportunities . to offer services to clients in the UAE from both public and private sectors , following the success of its first regional branch in Qatar .
Nilecode , an Egyptian software design and development firm , has entered a strategic partnership with the Al Quiyadia Saudi Group of companies with branches in Egypt , Dubai and Saudi Arabia , to establish Integrated Development Company with a business volume estimated to be around SAR 50 million .
ITIDA officials met a high-level delegation from the Irish company Davra Networks to shed light on the competitive advantages of Egypt in the field of ICT as well as highlight incentives provided to encourage foreign investments into the local market .
The Information Technology Industry Development Agency ITIDA , the executive IT arm of Egypt ’ s Ministry of Communications and Information Technology , concluded its successful participation in Gitex Technology Week . Its presence in the annual ICT event enabled Egyptian technology firms participating under its umbrella to seal investment and expect business deals worth $ 2.1 million .
The new contracts and anticipated sales will boost Egypt ’ s ICT market , which is expected to record a sales volume worth $ 10 billion by the end of this year , according to the latest statistics from IDC .
The first announcement made at ITIDA ’ s Gitex 2016 pavilion was by technology solutions company OGTech about its expansions in the GCC market and opening of a new branch in Dubai
Investment and business opportunities offered by the Egyptian IT sector as well as cooperative , partnership and investment prospects in the projects of the new technology parks were discussed as well Davra Networks ’ delegates expressed their desire to initiate fruitful joint ventures with ITIDA that meet the aspirations of both sides .
ITIDA officials also met representatives from EMC , a leading provider of IT storage hardware solutions , who
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