Egypt: Minister of Communications - Sector to Grow By 20 Percent in Next Three Years

Minister of Communications and Information Technology, Eng. Atef Helmy said that the targeted growth by the sector reaches nearly 18-20 percent during the next three years, thus equaling 6 percent of GDP.

During his speech before the Egyptian-Gulf Investment Forum which began Wednesday in Cairo, the Minister noted that the targeted growth by the sector during the financial year that will end on June 30, 2014, reaches nearly 10 percent thus equaling 4.1 percent of GDP as compared to 3.2 percent in the past year.

The Minister stressed that the targeted growth will create 10.000 direct jobs and 50.000 indirect jobs. He explained that the sector's current contribution to GDP reaches EGP 66 billion, adding that this contribution is expected to reach EGP 120 billion during the next three years.

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