Egypt Information Technology Q4 2018
The IT spending outlook for Egypt is strong over 2018-2022 as the market and economy rebounds after the negativeshock delivered by the devaluation that followed currency free-float in late 2016. In the short term, growth will be strong as vendorstap into pent-up demand post-crisis, however, from 2019 the underlying engine will switch to economic modernisation andexpansion. The local industry also has a bright outlook, in part due to domestic IT demand, but also Egypt's expanding role as an IToutsourcing location that is being driven by investments in technology zones, supporting infrastructure and training. The main risksare external economic conditions, and the interaction of domestic and regional political trends.
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