Egypt offers 250 feddans for private ICT investors in 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.
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.