Why Outsource to Egypt?
Egypt is positioning itself as a global competitor in the sourcing world. Egypt is continuously availing its solid fundamentals from abundant diverse talent pool, favorable costs and pivotal geographic location. Endlessly recognized globally, Egypt holds its ranks amidst world renowned consultants such as Frost & Sullivan, A. T. Kearney amongst others. Renowned as a regional leader and ranked 1st in the region and 10th globally according to A. T. Kearney’s 2014 Global Services Location Index, Egypt is considered a competitive sourcing destination for world leading corporations. Recognizing the vast progress Egypt has made in the outsourcing landscape, Egypt was awarded the prestigious title of Outsourcing Destination of the Year 2016 by the Global Outsourcing Association (GSA).
Egypt’s unique mix of strengths in alignment with its strong government support, grants it traction luring in novel investments in addition to expansion of existing. Identified as an international contender, Egypt sustains its aptitude in providing a hospitability catering environment in the world of BPM/ ITO and KPO sourcing.
Information Technology Industry Development Agency (ITIDA)
Since its establishment in 2004, ITIDA has undertaken the mission of positioning Egypt as one of the top sourcing destinations, playing an increasingly important role in Egypt’s economic growth.
In this regard, ITIDA has been a strategic advisor to international companies providing end-to-end business & financial support to investors seeking to enhance their global offerings in IT/IT enabled services and expand their business in Egypt.
Helping inward investment, ITIDA provides help and guidance in every step along the way to foreign investors, supporting all the due diligence activities required including information gathering, site visits, case studies ..etc, facilitating the set-up and establishment procedures in Egypt, in addition to providing incentives that support the company’s business needs.
Furthermore, ITIDA has successfully managed to support existing sourcing and off shoring centers to grow their operations in Egypt and overcome any challenges.
Concurrently, ITIDA pursues number of investment attractions including cooperation with analysts and international sourcing advisory firms, communication with Egyptian commercial offices and foreign commercial attaché, and participation in major events such as the international Outsourcing Forum and Gartner Symposium to promote Egypt as a leading sourcing destination.
ITIDA’s full fledge support to foreign investors includes logistical & financial incentives subsidizing both training and international telecommunication cost.
Foreign investors are encouraged to explore and apply for incentive packages covering all verticals of all the IT industry and especially in the BPM, ITO and KPO. Around 60% of the financial incentive budget assigned to investors is directed to subsidize cost of training & talent development, while the outstanding budget is assigned to support cost of international telecommunication.
Egypt is home to several Fortune 500 companies and hundreds of multinational and regional players
New Investors, please contact:
Ms. Sarah Hefny, International Business Development – Business Analyst
T : +202 3534 5230
Existing Investors, please contact:
Ms. Samar Salem, Head of Investment Management
T : +202 3534 5236