BMI View: Egypt has the potential to be one of the most important IT markets and industries in the MiddleEast and North Africa due to its large size and favourable positioning. The industry is developing andexperienced a boost to competitiveness following the devaluation in Q416 that accompanied the float of theEgyptian pound. This impact was, however, in contrast to the disruption in the local market where a largeamount of spending was deferred in H117 as import affordability deteriorated.
Latest Updates And Industry Developments
Computer hardware sales are predicted to increase from EGP9.0bn in 2017 to EGP12.7bn in 2021, acompound annual growth rate (CAGR) of 8.8%. Economic factors determine the short-term trajectory butproduct trends will become more important, especially pressure on tablet and notebook spending fromsmartphones.