Egypt Information Technology Report Q1 2014
Concerns about political and security instability are a drag on IT market development in Egypt, but despite this the market continues to grow and we have an optimistic medium-term outlook. Fiscal consolidation, currency depreciation and credit shortages will continue to limit spending in the short term, but over the medium term growth will be robust as rising incomes enable consumers to purchase devices and vendors to capitalise on low penetration rates. A buoyant retail market, combined with the modernisation of enterprises and public administration, will ensure overall IT spending will increase as a share of GDP over the medium term to 2017. Further, the government's ICT strategy supports the market and initiatives such as tablets for education and promotion of Egypt as an outsourcing destination, boosting development.