Press "Enter" to skip to content

Egypt sees strong growth momentum with 29 new agreements signed at ceremony in Cairo

CAIRO – Given its high-end offshore status and reputation as a desirable Mediterranean centre, many people choose Egypt as a location for their major corporate operations. With extensive investments in the sector over the past few years, the nation has demonstrated its tenacity as a top worldwide centre for IT offshoring and outsourcing. A signing ceremony hosted by the Information Technology Industry Development Agency (ITIDA) today emphasised the faith of international partners in Egypt’s pool of highly trained professionals, securing Egypt’s status as a top global offshoring and outsourcing hub.

At the Sultan Hussein Kamel Palace in Cairo, one of Egypt’s most historic treasures, Prime Minister Mostafa Madbouly and Minister of Communications and Information Technology Dr. Amr Talaat saw the signing of 29 agreements with major IT offshoring and business process services companies.

The offshore sector in Egypt is expanding at a never-before-seen rate. The nation has a number of competitive advantages that have helped it build a positive reputation as a desirable global outsourcing location. Among Egypt’s distinctive value propositions that entice multinational corporations to start and develop their global operations are the variety of IT & digital services, abundance of talent, cost competitiveness, resilient business operations, and the assistance of the government.