Minister of Communications and Information Technology Amr Talaat lauded Egypt’s achievement of ranking top Middle East and Africa country in outsourcing on the Kearney’s Global Services Location Index 2021. Globally, Egypt ranked 15th among some 60 countries, the only Middle East and African country to make it to the top 20, recording 5.62 percent in the index.
Mr Talaat said that Egypt had offered outsourcing services to 100 countries in 20 languages, and had thus garnered 17 per cent of the global outsourcing services.
Egypt’s digital exports, the Minister said, had grown 173 per cent since 2014, from USD1.5 billion to USD4.1 billion in 2020. Economic expert Abu-Bakr al-Deeb expects these exports to grow to USD6 billion in 2025. Mr Talaat said that Egypt would continue to work to grow these exports and strengthen Egypt’s position in cross border outsourcing and information technology services, also in attracting foreign investment in the communications sector.
Kearney’s index analyses 47 metrics across four main categories, including financial attractiveness (35 per cent), people skills and availability (25 per cent), business environment (25 per cent), and digital resonance (15 per cent).
The report noted that Egypt is considered a unique location due to its financial attractiveness, offering competitive compensation and infrastructure costs. It also highlighted Egypt’s progress in developing the ICT sector.
30 May 2021