Fortune has profiled competitions sponsored by Google and MIT in the Middle East, highlighting the region’s growing tech ecosystem.  ”We believe that the Internet is a net contributor to the economy in the region and in Egypt,” Google’s regional manager for Egypt and North Africa, said. “But it is also the best kept secret. We spent $200,000 in this one, but we are committed to spend another $2.3 m over the next couple of years. The face of Egypt can be changed through technology.”

[Source: Fortune]