Egypt Information Technology Q3 2018
The devaluation that followed currency free float in late 2016 hit IT spending in Egypt, but with a stabilisation of theeconomic environment this means the IT market is positioned for a period of sustained expansion in 2018-2022. Vendors willbenefit from pent-up demand post-crisis, as well as the underling growth engine from economic modernisation and expansion. Thedomestic IT industry also has a bright outlook as the government looks to build on the success of Egypt's outsourcing industry byaccelerating growth with investments in technology zones, supporting infrastructure and training. The main risks are externaleconomic conditions, and the interaction of domestic and regional political trends.
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