Despite ongoing political turmoil, an uprising that ousted the former regime and violence throughout 2011, Egypt’s information technology market grew at a surprising double-digit rate, a new report reveals.
According to Business Monitor International (BMI), in their “Egypt Information Technology Report Q1 2012”, Egypt’s success in boosting its IT market was a direct result of the recovery following the January uprising in the country and the increase in citizens purchasing personal computers for their use.
“In spite of a range of obstacles and a suboptimal distribution network outside Cairo, Egypt is most likely to benefit from youthful demographics and improving information as well as communication technology (ICT) infrastructure,” a statement from BMI said in launching their latest report on the Egyptian IT sector.
“The Egyptian market is one of the most resilient in the Middle East & Africa region, but long-drawn instability could pose a danger to the country’s outsourcing sector,” it added.
The study delivers a comprehensive overview of the country, including its IT market, telecommunications sector, political and economic as well as business environment SWOT analyses.
Independent analysts have also likened the telecom industry’s success to the direct result of the important factor online communications had during the final days of the uprising and the massive influx of users who wanted to “be connected.”
Joseph Mayton
