Egypt targets digital exports of 5.5B dollars in 2022-2023

27 October 2022

Egypt goals to boost its digital exports through the present fiscal yr 2022/2023 to $5.5 billion, with an annual enhance of 13 p.c, in accordance with Reuters.

The Assistant Minister of Communications for Improvement, Amr Mahfouz, stated that Egypt’s digital exports amounted to $4.9 billion within the final fiscal yr 2021/2022, up from $4.5 billion within the prior fiscal yr, and $3.6 billion within the fiscal yr 2019/2020.

He added that Egypt targets particular markets, crucial of that are Germany, the UK, France and the US, along with the markets of the Gulf area.

He stated that Egypt is adopting a method that goals to triple the amount of its exports of cross-border data know-how services and products, present a brand new incentive bundle to draw investments, and improve Egypt’s competitiveness within the fields of analysis, growth and value-added companies.


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