In recent years infrastructure and real estate development have been important growth drivers for the construction industry, and the government has highlighted the need for private investment to take on a larger role in the sector. Indeed, much of the growth in construction activity has been accelerated by the private sector, as a result of...
Economic diversification efforts have been a boon to Egypt’s digital transformation. The government is aiming to develop the country into a telecoms and tech centre on both a regional and global scale, guided by its ICT 2030 Strategy. Efforts are being made to strengthen the regulatory framework, including by addressing cyberthreats, while the...
Drawing on its location between Europe, the Middle East and Africa; its youthful, educated, tech-savvy and multi-lingual population; and strong IT infrastructure, Egypt has become a destination for business process outsourcing (BPO). The budding segment has been supported by the government, which offers financial incentives to outsourcing...
The development of artificial intelligence (AI) – a term that was originally coined in 1955 to describe a nascent sub-discipline of computer science – is anticipated to reshape economies around the world over the coming decades. AI refers to a set of technologies and tools that allow users to make better decisions through algorithms, using...
As part of Egypt’s digital transformation, the country is working to digitalise government services and train Egyptian youth in technology and other specialisations to ensure the country has a qualified workforce to meet the shifting demands of employers. The Ministry of Communications and Information Technology (MCIT) has sought to create a...
After the 2016 currency devaluation and IMF-backed economic reforms that led to an increase in the prices of necessities such as fuel, electricity and basic foods, Egyptian consumers began to rationalise their spending habits. Many began to opt for cheaper brands, or stopped purchases in certain categories altogether. Fast-moving consumer...
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