15 April 2024 02:24 PM

Egypt transformed into world's important center for outsourcing services

Monday، 13 March 2023 - 12:57 PM

The Cabinet Information and Decision Support Center (IDSC) said that Egypt has 35 international centers for outsourcing services which provide 34,000 job opportunities with a plan of doubling their businesses in Egypt over the coming two or three years.

This came in an Infograph released by IDSC on Monday. The graph highlighted Egypt's signing of agreements with 29 international companies to provide outsourcing services to them in November 2022.

"In recent years, Egypt has transformed into one of the world's most important centres in outreach services; It has come to host many of the largest companies in the industry, with which it serves customers around the world. This comes in the light of the State's efforts to facilitate the operation of these companies, notably the advanced Internet infrastructure." the Infograph said.

It added that outsourcing in Egypt is characterized with skilled manpower as around 600,000 graduates are added to labor market every year along with the training of 200,000 individuals by the Ministry of Communication and Information Technology with total investments of EGP 1.1 billion, according to the infograph.

It also highlighted Egypt's development of its technology infrastructure which is also a key factor of attracting foreign companies, adding that Egypt spent more than dlrs 1 billion in the upgrade of internet infrastructure over the past few years.


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