Egypt’s IT offshoring and business services sector sees strong growth with 29 new deals signed with technology multinationals | News Bharat

The signing ceremony between ITIDA and 29 global companies was held in Cairodemonstrating continued confidence Egyptian Offshoring and Outsourcing Sector

witness agreement Egyptian prime minister, create 34k export-oriented jobs

Cairo, December 1, 2022 /PRNewswire/ — Hailed as an attractive Mediterranean hub, Egypt Given its premium offshoring status, it is the destination of choice for many large business entities. The country has demonstrated its resilience as a leading global center for IT offshoring and outsourcing through substantial investment in the industry over the past few years.Today, multinational partners are Egyptian Signing ceremony held by Information Technology Industry Development Authority (ITIDA) highlights pool of highly skilled talent Egyptian Position as a leading global offshore and outsourcing hub.

Signing ceremony between 29 global companies and ITIDA witnessed by the Minister of CIT and Prime Minister of Egypt

Signing ceremony between 29 global companies and ITIDA witnessed by the Minister of CIT and Prime Minister of Egypt

Signing ceremony of 29 agreements with large IT offshore and business process service providers, witnessed by the Prime Minister of Egypt Dr. Mostafa Madbouliat the Sultan Hussein Kamel Palace in the presence of Dr. Amr Talaat, Minister of Communications and Information Technology Cairo; one of Egyptian The most historic gem.

Dr. Amr Talaat, Minister of Communications and Information Technology Approved agreements with 29 multinational companies, creating more than 34,000 export jobs through 35 export-worthy global delivery centers $1 billion Per year. “These agreements reflect the Egyptian A favorable business environment and the confidence of multinational corporations in our qualified local talent,” Talat Review.

HE Talaat emphasizes Egyptian Potential for the next big hub of digital and premium services due to ongoing efforts Egyptian Competitiveness in the offshore outsourcing industry. “With its unique central location at the crossroads of three continents, Egypt Delivering resilient, high-quality digital infrastructure with a supportive legislative framework to keep pace with rapid global growth,” he continues. “We provide sufficient technical talent at a very competitive cost and have extensive experience in providing business services to companies in more than 100 countries around the world speaking 20 different languages,” Tarrat affirmed.

Egyptian The offshore outsourcing industry is showing unprecedented growth momentum. The country enjoys a number of competitive advantages that have established its reputation as a popular global offshoring destination.Diversified IT and digital services, abundant talent, cost competitiveness, resilient business operations, and government support are some of the Egyptian A unique value proposition that encourages global businesses to launch and scale their global operations.

ITIDA CEO Amr MahfouzSay: “We are delighted to sign so many commercial agreements with global technology companies, which demonstrates our strength Egyptian IT departments attract new business and strengthen existing relationships. Current geopolitical risks are causing major challenges and service disruptions at key delivery locations, coupled with a global talent shortage.But through our mission to support the growth of the technology industry EgyptITIDA helps industry players to position themselves and provide highly skilled, reliable personnel to enable Egypt The best choice for multinational companies looking to offshore and outsource their business.

“ITIDA continues to invest heavily in building the digital and soft skills of our vast talent pool, with a strategic focus on developing national capabilities in high-value services, including engineering, research and development (ER&D), embedded software and electronic design. The latest round of transactions will Significant contribution to help ITIDA achieve the goals of the Offshore Industry Digital Egypt Strategy, which aims to increase export revenue and create high-value jobs for our domestic skilled talent pool,” Mahfouz added.

the value of Egyptian Digital exports will increase $1 billion Each year, marking a significant increase in current export earnings $4.9 billion. Additionally, the agreements include new partnerships with leading technology companies debuting global delivery centers, as well as expansions of existing successful business relationships that will triple the size of the business in China. Egypt.

Entering the country for the first time are Capgemini, Evolvice, Nortal, PWC, Tech Mahindra and Trimetis. Leading companies that are expanding their current operations include Advansys ESC, Amazon, ATOS, IBM Egypt, Microsoft, Majid Al Futtaim Global Solutions, Majorel, MEAPAL, Concentrix, MicroWize Technology, CrossWorkers, Dell Technologies, Pepsico, Expleo, SEITECH Solutions, Honeywell, Sitel Group, Sutherland, Webhelp, SYS Misr for Information Technology Services, Pixelogic, Valeo and Vodafone Intelligent Solutions.

The 34,000 new jobs will be spread across various export sectors, including 21,000 in business process services (contact centers and shared service centres), 10,500 in IT services and 3,000 in engineering, research and development (ER&D).

The signed agreement is in line with ITIDA’s mission and strategic objectives to drive more foreign investment into the IT sector, increasing Egyptian digital exports and create more jobs in the offshore sector. Last February, the Information Technology Industry Development Agency (ITIDA) launched the Offshore Digital Egypt Strategy (2022-2026), based on a comprehensive and objective study of the Egyptian market and global needs, to unlock further growth potential in the industry.




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SOURCE Information Technology Industry Development Authority (ITIDA)

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