Quarterly value of issued capital of new ICT companies Egypt Q1 2018- Q2 2020
In the second quarter of 2020, the value of issued capital of newly founded ICT companies reached 259.24 million Egyptian pounds (16.51 million U.S. dollars). This was a drop compared to 178.62 million Egyptian pounds (11.37 million U.S. dollars) in the first quarter of 2020. During the period under review, the value of issued capital of new ICT companies peaked in the first quarter of 2019 at 666.47 million Egyptian pounds (42.44 million U.S. dollars).