In a landmark move to strengthen its position in the global offshoring industry, Egypt has inked 55 strategic agreements with leading multinational and local technology firms. The signing ceremony, held under the patronage of Prime Minister Dr. Mostafa Madbouly and attended by Dr. Amr Talaat, Minister of Communications and Information Technology, marks a significant milestone in Egypt’s journey to becoming a global delivery powerhouse. The partnerships include major players such as Teleperformance, Accenture, Deloitte, VOIS, Luxoft, RSA, and Capgemini, underscoring Egypt’s growing appeal as a hub for digital and business services. These agreements are expected to create over 70,000 high-value jobs, particularly in business process outsourcing (BPO), IT, engineering, and high-end technology services. This initiative aligns with the Information Technology Industry Development Agency’s (ITIDA) strategic goals to attract foreign investment, generate sustainable employment, and position Egypt as a trusted partner for global enterprises. Dr. Talaat highlighted Egypt’s RISE framework—Reliable talent, Infrastructure readiness, Strategic proximity, and Efficient cost structure—as key drivers of the country’s success. Eng. Ahmed Elzaher, CEO of ITIDA, emphasized the significance of these partnerships in advancing Egypt’s digital economy and expressed confidence in the nation’s ability to meet global market demands. The agreements not only reflect strong investor confidence but also demonstrate Egypt’s commitment to empowering its workforce with future-ready skills and fostering a knowledge-based economy.
Prime Minister oversees signing of 55 pacts in major push for Egypt’s offshoring industry
