Egypt showcases its outsourcing offering in Texas

ITIDA, Egypt's Information Technology Industry Development Agency, is showcasing Egypt's global outsourcing capabilities and offerings at the 4th Annual Shared Services Exchange Austin, Texas.  

The event is designed for executives focused on strategy and partnerships in delivering value from shared services opportunities.  Egypt is one of the world's fastest growing locations for global outsourcing and services, and has seen huge investments in the last year with companies such as EMC, Stream Global Services and Sykes Enterprise collaborating with ITIDA and outsourcing their business in Egypt.  

 Mr. Hossam Megahed, Board Member for ITIDA, will be leading a host of panel discussions at the Shared Services Exchange, with leading representatives and executives from across the world.  Mr. Megahed will be discussing the emerging importance of Egypt in the global outsourcing market, as well as the importance of the Information and Communication Technology (ICT) industry to Egypt's economic development.

 "The presence of high-profile companies like IBM, Microsoft and Vodafone in Egypt today highlights ITIDA's continued success at building the country's reputation as a global service delivery location," said Mr. Megahed.  "Egypt's impressive infrastructure, favourable business environment, and world-class multilingual workforce are among the many factors that attract companies to invest in Egypt."

Despite the global economic challenges that are being faced worldwide, Egypt's economy grew by 5.8 percent in the first quarter of 2010, accelerated by the 11.3 percent growth of its ICT industry. With support from the Egyptian government, ITIDA has been highly aggressive over the past five years to develop the capabilities of local IT companies, attract foreign direct investments and scale up the talent pool through joint initiatives with Egyptian universities.