By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
    June 8, 2023
    Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
    Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
    June 8, 2023
    AI-generated academic science writing can be identified with over 99% accuracy
    AI-generated academic science writing can be identified with over 99% accuracy
    June 8, 2023
    Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
    June 8, 2023
    Ezdehar launches EGP 2bn fund to invest in small enterprises by September
    Ezdehar launches EGP 2bn fund to invest in small enterprises by September
    June 8, 2023
  • Politics
    PoliticsShow More
    Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
    June 8, 2023
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    Renewed clashes erupt in Sudan’s Omdurman, Khartoum
    June 8, 2023
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon
    Abdel Ghaffar highlights Egypt’s government achievements in health sector during Africa Health ExCon 
    June 8, 2023
    A legally binding agreement must be reached on GERD: Al-Sisi
    A legally binding agreement must be reached on GERD: Al-Sisi
    June 8, 2023
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    June 7, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: A number of international companies are considering providing outsourcing services from Egypt: ITIDA
Share
Notification
Latest News
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Business
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Business
Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Politics Region
AI-generated academic science writing can be identified with over 99% accuracy
AI-generated academic science writing can be identified with over 99% accuracy
Business
Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > A number of international companies are considering providing outsourcing services from Egypt: ITIDA
Business

A number of international companies are considering providing outsourcing services from Egypt: ITIDA

Daily News Egypt
Last updated: 2022/11/01 at 10:21 PM
By Daily News Egypt 3 Min Read
Share
A number of international companies are considering providing outsourcing services from Egypt: ITIDA
SHARE

Amr Mahfouz — CEO of the Information Technology Industry Development Agency (ITIDA) — said on Tuesday that a number of international companies in the outsourcing industry are considering opening outsourcing centres in Egypt.

He noted that this is dependent on the availability of trained human cadres, as well as a study of existing companies to increase their investments and expand outsourcing services from Egypt.

Mahfouz added in exclusive statements to Daily News Egypt that the liberalisation of the EGP against the USD increases Egypt’s competitive advantage against other outsourcing countries, which complements its already strategic location — which allows it to work with other timezones — the availability of trained human cadres and advanced infrastructure, as well as the stability of the situation in the Middle East compared to Eastern Europe, which is currently considered a war zone.

He also explained that Egypt has competitive opportunities at the level of the outsourcing industry that supports it to enhance its global position in this industry.

Last February, Egypt launched the Outsourcing Industry Strategy to double exports of information technology services and accelerate the growth of the knowledge economy.

The strategy focuses on developing the digital skills and language capabilities of youths, developing the ecosystem, and enhancing Egypt’s international position in the target markets.

The new strategy also aims to triple the volume of exports of IT products and cross-border services and create more than 215,000 jobs.

Moreover, it includes a package of investment incentives for international and local companies and additional benefits to attract investors in emerging technologies and knowledge services.

It also encompasses a set of incentives and programmes designed specifically from the investor’s perspective with the aim of primarily improving the competitiveness of the total cost of the outsourcing industry in Egypt compared to competing countries instead of attracting foreign direct investment and encouraging the expansion of existing investments.

Finally, it includes qualitative programmes and initiatives to hone the skills of young people and workers in the outsourcing industry to ensure building capacities and competencies at a professional level in line with the requirements of the international labour market and in accordance with the standards of multinational companies across various sectors of industry based on the needs of each geographical region and the most requested languages.

You Might Also Like

Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022

Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS

AI-generated academic science writing can be identified with over 99% accuracy

Afreximbank provides Egypt’s CIAF Leasing with $44m aircraft financing facility

Ezdehar launches EGP 2bn fund to invest in small enterprises by September

TAGGED: ITIDA
Share this Article
Facebook Twitter Email Print
Previous Article Two new halls opened at the Royal Chariots Museum on the anniversary of its opening Two new halls opened at the Royal Chariots Museum on the anniversary of its opening
Next Article Egypt’s Health, Higher Education Ministers sign cooperation protocol in preventive medicine  Egypt’s Health, Higher Education Ministers sign cooperation protocol in preventive medicine 
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Egypt’s petrochemicals exports surge 23% to $8.629bn in 2022
Business
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Trade exchange between Egypt, COMESA countries increases to $5.3bn in 2022: CAPMAS
Business
Israel's neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Israel’s neglect of Palestinian issue threatens regional, global security: Palestinian Foreign Ministry
Politics Region
AI-generated academic science writing can be identified with over 99% accuracy
AI-generated academic science writing can be identified with over 99% accuracy
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?