Egypt’s IT offshoring and business services sector sees strong growth momentum with 29 new agreements with technology MNCs

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A signing ceremony was held between ITIDA and 29 global companies Cairoindicating sustained confidence egyptian Offshoring and Outsourcing Division

agreement witnessed by egyptian Prime Minister, remake 34k jobs for export

Cairo, December 1, 2022 /PRNewswire/ — Branded as a charming Mediterranean hub, Egypt Given its premium offshoring status, it is the destination of choice for many large corporations. The country has made numerous investments in the sector over the past few years, proving its resilience as a world-leading IT offshoring and outsourcing hub.Today, the trust of multinational partners is egyptian The highly skilled talent pool is highlighted through a signing ceremony held by the Information Technology Industry Development Authority (ITIDA). egyptian We have established ourselves as the world’s leading offshoring and outsourcing hub.

Prime Minister of Egypt, Dr. Mostafa Madburyat the Palace of Sultan Hussein Kamel, in the presence of Dr. Amr Talat, Minister of Communications and Information Technology Cairo; one of egyptian A most historic gem.

Dr. Amr Talaat, Minister of Communications and Information Technology Approved agreements signed with 29 multinational corporations. The agreement will create more than 34,000 jobs for him for export through 35 global delivery centers with export value. US$1 billion every year. “These agreements egyptian A favorable business environment and multinational corporations’ confidence in talented local talent.” Thalert commented.

HE Talaat underlined egyptian Potential as the next big hub for digital and high-end services. egyptian Competitiveness in the offshoring industry. “A unique center located at the crossroads of three continents, Egypt We provide a resilient, high-quality digital infrastructure and a supportive legal framework to keep up with rapid global growth. “ he continued. “Our deep technical talent pool has a proven track record of providing business services for global companies in over 100 countries in 20 different languages, and is well-equipped at a very competitive cost.” Talat affirmed.

egyptian The offshoring industry is witnessing unprecedented growth momentum. The country enjoys many competitive advantages that have established its reputation as a favorable global offshore destination. It includes diversified IT and digital services, human resource abundance, cost competitiveness, resilient business operations, and government support. egyptian A unique value proposition that encourages global companies to launch and expand their global operations.

ITIDA CEO Amr Mahfouz said:Said: “We are thrilled to have signed so many business deals with global technology companies. egyptian An IT department that attracts new business and strengthens existing relationships. Current geopolitical risks, coupled with severe global talent shortages, are causing major challenges and service disruptions at key delivery locations. However, through our mission to support the development of the technology sector, EgyptITIDA has helped industry players to provide well-positioned, highly skilled and reliable talent. Egypt A great option for multinational companies looking to offshore and outsource their business.

“ITIDA invests heavily in building digital and soft skills for its large talent pool, with a strategic focus on developing national capabilities in high-value services such as engineering, research and development (ER&D), embedded software and electronics. This latest round of deals will go a long way in helping ITIDA achieve its goals in its Digital Egypt strategy for the offshoring industry, which will double export earnings and bring skilled domestic It aims to create high-value employment opportunities in the talent pool,” he added.

The value of the egyptian digital export billion dollars Each year shows significant growth in current export earnings $4.9 billionIn addition, the deal includes both a new partnership with a leading technology company launching its first global distribution center and an expansion of an existing successful business relationship that triples the size of its U.S. operations. included. Egypt.

Newcomers to the country are Capgemini, Evolvice, Nortal, PWC, Tech Mahindra and Trimetis. Leading companies currently expanding their business 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.

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

The signed agreement is in line with ITIDA’s mission and strategic objectives to promote foreign investment in the IT sector; egyptian Create more jobs in the digital export and offshoring sectors. Last February, the Information Technology and Industrial Development Authority (ITIDA) Digital Egypt Strategy for Offshoring (2022-2026) Unlock further growth potential of the industry based on a thorough and objective study of the Egyptian market and global demand.

Photo: https://mma.prnewswire.com/media/1960094/ITIDA_Signing_Ceremony.jpg

Source Information Technology Industry Development Agency (ITIDA)

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