ICT market generally growing in Egypt: Intel

With the government constantly announcing new plans to develop its information and communications technology sector, Daily News Egypt sat down with Intel’s regional business director for the Middle East, Turkey and Africa (META), Frederico Carvalho, to discuss potential opportunities in the market, the future of tablets, and big data in Egypt.

How do you evaluate the investment environment in Egypt during the current period?

Well, it’s my first time, so I am still getting to know Egypt. But everything that I have heard has been positive and everyone is very optimistic about the future, which is a very good sign.

What about the economic and political instabilities that the region has been experiencing. Do you think that affects the investment environment?

Not from our side specifically. It affects, obviously, foreign direct investments, which try to run away from risks. In our case, it did not really have any effect. We saw a decrease in the volume of computers consumed in the market, but that’s now picking up again and we know that these things take time and then come back. Hopefully, things will continue to be stable.

How much does the MENA region comprise of Intel’s global business?