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Egypt gears up to be global data center

Egyptian Communications and IT Minister Yasser El-Qadi said Egypt is taking big strides to be a global data center in the coming period.

Addressing the Conference on the Future of Data Center late Monday, El-Qadi said the ministry's strategy has two main objectives; namely luring investments and getting Egypt to be a hub for global data center.

He noted that Egypt has great competitive potentials, especially its distinguished geographic location, referring to 17 telecommunication submarine cables passing through Egypt to link the East and the West.

The minister underlined that President Abdel Fattah El-Sisi is keen on further developing the fast-growing communications and IT sector in Egypt.

He added that the growth rate of the communications and IT sector hit 12.5% over the past two years, representing 3.5% of the Gross Domestic Product (GDP), noting that Egypt's IT exports shot up from $1.8 billion  to $ 3.25 billion.

El-Qadi said there are enormous investment opportunities in the Egyptian communication and IT sector, especially in view of new laws which facilitate investment.

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