EGYPT'S INTERNET MARKET PROJECTED TO GROW IN DOUBLE DIGITS
New research from the Arab Advisors Group on Egypt's Internet and Datacomm market shows that Egypt's Internet market is growing strongly. Spurred by infrastructure based competition and government initiatives, Egypt's Internet accounts are projected, by the Arab Advisors Group, to grow at a Compound Annual Growth Rate (CAGR) of 23.7% between 2003 and 2008. We project Internet accounts to grow from around 647,000 by end of 2003 % to reach around 1.9 million by end of 2008, a penetration rate of 2.5%. Internet users are expected to grow from 1.94 million by end of 2003 to reach 5.6 million by end of 2008, a penetration rate of 7.4%. Egypt's subscription-free Internet service has generated revenues amounting to US$ 66.2 million between January 2002 and August 2004.