Page 46 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 44
• The sector’s growth rate increased to 19.2% during FY2021/22, compared • ITIDA achieved further growth in offshoring industry in Egypt by
to 17.2% during FY2020/21. promoting the investment incentives offered by the strategy; ITIDA
signed agreements with 48 companies in 2022 to establish offshoring
• The sector’s contribution to the GDP reach 2.8% during FY2021/22.
centers or expand existing centers, with a total number of 56 centers.
• The value of digital exports grew from USD 4.5 billion during FY2020/21 • The volume of transactions conducted using e-signature rose from 4
to USD 4.9 billion during FY2021/22. million by the end of 2020 to more than 153 million by the end of 2021,
• Digital Egypt Strategy for Offshoring Industry 2022-2026 was launched then to 375 million transactions by the end of 2022 with a growth rate of
to double the volume of Egypt’s exports of offshore IT products and 145%.
services; the strategy offers a new incentive package to attract and
expand investments, enable local companies, encourage the creation • Egypt recorded the fastest fixed Internet speed in Africa, with a median
of new businesses and promote Egypt’s competitiveness in the fields of fixed broadband speed of 45 Mbps in October 2022, up from 4th in Africa
R&D and value-added services to contribute to accelerating the growth in January 2019, at 6.51 Mbps, according to Speedtest by Ookla.
of knowledge economy.
• Egypt moved up on the World Bank’s GovTech Maturity Index (GTMI)
2022, becoming among the countries of Group A, which is the highest
category in the Index, up from Group B in 2020 and C in 2018.

• Egypt ranked second, up from tenth in 2021, among Arab and African
countries, in the Universal Postal Union (UPU) Integrated Index for Postal
Development (2IPD).

• Egypt moved up five spots on the Global Innovation Index (GII), compared
to its ranking last year, according to the report by the World Intellectual
Property Organization (WIPO) in partnership with Portland Institute.
th
Egypt ranked 89th globally, compared to 94 in 2021.