Communications Ministry Targets 5% Contribution to GDP

Minister of Communications and Information Technology Amr Talaat confirmed that the sector is expected to achieve a growth rate of 16% during the current fiscal year and a GDP of EGP 125 billion.

The sector’s contribution to the GDP increased from 3.2% to 4.4%, with a target of 5% during the current fiscal year and an expected 8% within three years.

This came in the minister's speech during the launching of the National Program for Structural Reforms in the presence of Prime Minister Mustafa Madbouly.

Moreover, the sector’s GDP increased from EGP 80.1 billion to EGP 107.7 billion, year-on-year, while digital exports rose from $3.2 billion to $4.1 billion, and the number of workers in the sector grew from 233,000 to 281,000.

Talaat pointed out that international reports revealed the progress of Egypt's ranking in the Financial Inclusion  Index (Findex) to become among the 10 fastest growing countries in the field among 82 countries, and also highlighted the development of Egypt's Network Readiness Index (NRI) to occupy the 84th place compared to the 92nd position last year.

Talat explained that the strategy of the ministry within the framework of the national program includes three axes: digital transformation, capacity building, and attracting local and global investments.

The ministry will focus on two basic principles, namely an efficient infrastructure, legislation and governance. He pointed out that the technological infrastructure necessary to automate the state’s sectors has been built with investments of more than EGP 3 billion with the aim of providing digital government services to citizens through four outlets, namely the Egypt digital platform, post offices, and government service call centers.

He stressed that 60 digital government services have been launched as part of a plan to reach 170 services by the end of this year and 250 services during the next year.

He concluded that the number of citizens registered on the platform reached about 2 million citizens, and 2.4 million transactions were carried out through it.