In the latest Top 50 Emerging Outsourcing Cities report conducted by Tholons, Cairo has been recognized as one of the world's top ranking offshoring cities.
The report cites Cairo's multilingual workforce, business analytics and testing services as its strongest key functions.
This year's report featured nine new entrants, with Egypt's Alexandria breaking into the top 50 for the first time.
"With increased competition among service providers offering similar services, distinction has become difficult to achieve, placing a greater emphasis on location. Businesses are not only looking for cost-effectiveness but are also seeking a location which offers a strong, multi-talented workforce," said Dr. Hazem Abdelazim, CEO of Egypt's Information Technology Development Industry Agency.
"Investment in the ICT (Information and Communication Technology) sector has been key to the growth of Egypts industry. As a result of this, we have developed Cairo into one of the worlds top outsourcing cities and with Alexandria entering the list, its clear to see the benefits this investment is having on attracting new companies to Egypt," adds Abdelazim.
Smart Village, the Egyptian ICT hub located in the suburbs of Cairo, offers facilities for more than 35,000 people and is home to a growing number of regional and international technology vendors including Vodafone, Ericsson, Microsoft and Oracle. Additional Smart Village offices are being planned for Alexandria to accommodate the countries fast-growing ICT industry, ultimately creating space for over 100,000 ICT personnel.
