Blocking Internet Cost Egypt USD 90 Million
The Egyptian government’s blocking of Internet services for 5 days is likely to have cost the country USD 90 million, according to preliminary OECD estimates.
The blocked services (telecommunication & Internet) account for roughly 3-4% of GDP or a loss of USD 18 million per day. The long-term impact could be greater, the OECD warns, as it has cut off domestic and international high-tech firms who provide services globally and will make it much more difficult in the future to attract foreign companies and assure them that the networks will remain reliable. To date, attracting such firms has been a key strategy of the government.