ITIDA begins disbursing export support to first batch of beneficiary companies

Cairo - 16 April 2020: The Information Technology Industry Development Agency (ITIDA) began the process of disbursing the dues of the first group of companies benefiting from the 10th round of EXPORT IT Program for ICT companies.

ITIDA highlighted that 25 companies to get cash incentive on their exports in a total amount of 5 million and 170 thousand Egyptian pounds as the agency and the external program auditor finished reviewing and approving the documents.

The first batch includes 5 micro-companies and 20 small companies out of a total of 110 companies that have participated in the program so far.

ITIDA has accelerated the disbursement procedures of the export support with a given priority for micro and small companies. This comes as one of the prompt measures taken by the Ministry of Communications and Information Technology and ITIDA to boost the IT market and support small and medium companies during the Coronavirus situation.