The Information Technology Industry Development Agency (ITIDA) has announced the results of
the 9th round of ICT Exports Rebate Program.
According to the export revenue data of the companies that applied for the program, the Egyptian exports of IT
products and services increased by 27%, compared to last year.
ITIDA board of directors decided to increase the program budget allocation to 70 million Egyptian pounds, in line
with the increase of exports and number of companies applying for the program.
Last June, ITIDA funded 116 out of 119 beneficiary companies from five different governorates.
The largest segment of beneficiaries this year is Micro, Small and Medium-Sized Enterprises (SMEs), with a total of
105 companies representing 91% of the total number of beneficiary companies, while 11 large companies benefited by
9%.
The program aims to support Egyptian companies to stimulate exports to foreign markets. The program, along with
ITIDA other initiatives, help companies access global markets and diversify their digital exports to contribute to
creating new job opportunities for Egyptian youth in the ICT sector.
According to the program preliminary statistics, Gulf and European countries topped the list of destinations to
which Egyptian companies export their services and products.
Software and mobile applications development services, followed by call center and outsourcing services, were among
the most exported services by Egyptian companies.
The program targets ICT companies; they receive direct rebate ranging from 10% to 30% maximum, of the value added of
their exports, not exceeding the maximum amount of rebate that total two and a half or three million Egyptian pounds
for companies operating or having offices in one of the new technology parks.
ITIDA, for the first time since the program was launched, identified the cases for obtaining maximum export rebate
of up to 30%, divided to 10% and 20% maximum, depending on the company size. This is in addition to 5% additional
rebate on exports of e-design, e-health, e-gaming, and e-commerce, and 5% additional rebate to companies operating
in one of the new technology parks.
Through the eight successive rounds of the program, ITIDA supported around 167 Egyptian companies with EGP 280
million, which contributed to increasing the companies’ revenues to nearly EGP six billion over eight years, since
the program started in 2010.
