ICT Misr targets EGP 500m turnover by 2023-end

ICT Misr targets EGP 500m turnover by 2023-end

ICT Misr, the IT consultancy firm and system integrator, aims to achieve EGP 500m in turnover by the end of this year, Mohamed Al-Mufti, Chairperson of ICT Misr, has said.

Al-Mufti stated that the company started its activity in 2018 and initially focused on infrastructure solutions, but it later shifted its focus to cybersecurity, and then decided to establish a new entity for the security of infrastructure, production lines, and the Internet of Things.

Amr Nour, Chairperson of IoT Misr, a subsidiary of ICT Misr, said that the company targets a completely different customer that has nothing to do with the telecommunications sector, but with production lines in various vital productive sectors. Therefore, it was necessary to establish a specialized company, IOT for cybersecurity for the Internet of Things.

Al-Mufti stressed that the Egyptian market is witnessing a great demand from all sectors for cybersecurity, and the market situation has not been affected by the current global conditions, and the demand is increasing in banks, oil and government institutions without any impact on the global economic conditions.

Nour explained, during a press conference, that the energy sectors of all kinds are witnessing a great development in technology systems in light of the need to