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Egypt’s 5.8% Q1 Growth Rate Driven by ICT Sector

by: Karen Cayamanda

Monday, May 17, 2010 | Outsourcing News |

Egypt Wins Big in ICT Outsourcing Contracts

Egypt’s Information and Communications Technology (ICT) sector posted a growth rate of 11.3 percent. This helped the country’s economy to grow 5.8 percent in Q1 of 2010.

When it comes to outsourcing, Egypt got big deals from Sykes Enterprise and Stream Global Services and other companies in 2009. "We have had a positive start to the year with new companies investing and local companies developing and expanding their capabilities and services. We are confident that the sector will continue to grow during the remainder of 2010 and that we will see more multinational companies expanding and outsourcing their business to Egypt," said Dr. Hazem Abdelazim, CEO of Egypt's Information Technology Industry Development Agency.

Aside from investing in infrastructure, the country also focuses on reducing piracy, with its rating currently at 59 percent.  Abdelazim said this is lower compared to piracy ratings of other destinations.



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