Egypt offers 250 feddans for private ICT investors in NAC


Mon, 15 Jul 2019 - 03:11 GMT

 FILE - ICT Fair in Cairo

FILE - ICT Fair in Cairo

CAIRO - 15 July 2019: The Ministry of Communications and Information Technology announced on Monday offering 250 feddans for private sector investors in the prospective Knowledge City that is under construction in the New Administrative Capital (NAC).

The Knowledge City is planned to house the headquarters of all companies operating in the information and communication technology (ICT) sector as well as a university and colleges specialized in the field.

Constructions in Knowledge City started in 2018 with the aim of accomplishing the first phase in 3 years. The initial investments are estimated at LE 12 billion to prepare some areas of manufacturing, data design, software and applications.

The ministry announced in June 2019 that the ICT recorded an average growth of 15 percent during the previous nine months, exceeding the expected rate by 3 percent.

12 ICT projects executed in 2018 at LE1.3B: report

CAIRO - 6 January 2018: Throughout 2018 the Egyptian government succeded to execute 12 projects in the information and communications technology (ICT) sector at a total value of LE 1.3 billion, said a statement released by the Cabinet's media center on Saturday.



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