It’s time to join the world’s leading companies in leveraging Egypt, the hub for IT/IT-enabled services and technology innovation, for expanding your business globally.
With an export volume of over USD 3.6 Billion and over 174,000 offshoring jobs, Egypt has a well-developed ICT market, with a shift in its services portfolio as providers move from multilingual contact center services to high-value niche services, such as product development and R&D.
Egypt offers an abundance of talent ideally suited to IT and business process outsourcing. More than 50 universities and 100 institutes bring out 500,000 annual graduates, of which 330,000 are able to provide business process services and 50,000 enjoy the IT related skillset. The multilingual talent pool is serving over 20 languages across more than 100 countries. The government is leading several initiatives to scale-up the skills and keep up with the dynamic labor market requirements through high-value training in diverse technology tracks. In addition, according to IDC, Egypt has one of the most competitive operating cost per FTE.
Egypt, enjoying a central geographic location as a transcontinental country, is connected to many parts of the world through daily direct flights and have time zone similar to Central Europe. Egypt has an internet backbone, which connects over 60 countries via 18 routes of up to 60 Tbps cables capacity and infrastructure is being scaled up to stay ahead of the demand.
With a new landmark investment law, Egypt is now more open for business and investments that increase its competitive edge across the region and expand the country’s economic growth which hit 5.6 % in early 2020 recording the highest increase in the Middle East and North Africa and fifth globally.
Moreover, ITIDA offers investors extensive support and aftercare, including market intelligence, due diligence, talent development, telecommunication, set-up/expansion support, competitive office spaces and a dedicated account manager for each investor.
The Egyptian government has embarked on flagship projects for boosting the ICT industry. This include spreading science and technology across tier-2 cities and creating a collaborative environment for business, academia, and entrepreneurs through establishing tech parks developed by SiliconWaha under the name “WE Parks”. The national initiative Next Technology Leaders (NTL) provides high-level certified training courses offered by top universities and industry leaders through online platforms. NTL grants target 16,000 university students/fresh graduates and cover high-value tracks, such as machine learning, data science, and cyber security. “Egypt Makes Electronics” is another initiative to position Egypt as the regional and global hub for electronics design and manufacturing through a number of programs and incentives.
The IT innovation arena in Egypt is flourishing, with several success stories of small businesses securing millions of dollars of investments from Europe, the US, and the Middle East and successfully offshoring IT services to EMEA.
Since its establishment in 2010, ITIDA’s Technology Innovation and Entrepreneurship Center (TIEC) has been acting as a catalyst to drive innovation and entrepreneurship in the Egyptian ICT industry, enabling Egypt to become the leading regional hub for technology innovation. TIEC works with leading VCs, incubation hubs, global technology players and international industry to strategize, facilitate, and promote innovation, entrepreneurship and create intellectual property in ICT and its applications.