Prime Minister Oversees Signing of 55 Pacts to Boost Egypt’s Offshoring Industry
Egypt has taken a major step forward in strengthening its position as a global hub for offshoring and digital services, with the signing of 55 strategic agreements between the Information Technology Industry Development Agency (ITIDA) and a group of leading multinational and local technology companies.
The agreements were signed under the patronage of Prime Minister H.E. Dr. Mostafa Madbouly, during a ceremony attended by Dr. Amr Talaat, Minister of Communications and Information Technology, along with senior executives from participating firms including Teleperformance, Accenture, Deloitte, VOIS, Luxoft, RSA, and Capgemini.
The new partnerships are expected to create more than 70,000 offshoring and IT-enabled services jobs over the next three years, offering opportunities in business process outsourcing (BPO), IT services, engineering, and advanced technology roles. The move aligns with Egypt’s long-term strategy to develop a knowledge-driven digital economy supported by its strong talent pool, competitive cost structure, and expanding technology infrastructure.
Dr. Amr Talaat highlighted the country’s readiness to support global digital operations, emphasizing the pillars of Egypt’s RISE strategy—reliable talent, infrastructure readiness, strategic proximity, and efficient cost structure. He noted that with over 760,000 university graduates annually, including 50,000 ICT specialists, Egypt has emerged as a trusted destination for global technology partners.
Eng. Ahmed Elzaher, CEO of ITIDA, described the signings as a milestone in Egypt’s journey to expand its global delivery footprint. He stated that the momentum of the past three years has demonstrated the confidence of global companies in Egypt’s capabilities, adding that the country is poised to scale even further with its abundant talent base.
With these newly signed agreements, Egypt continues to solidify its role as a leading regional and global center for digital services, attracting significant foreign investment and unlocking job opportunities for young professionals across the country.
