|
What others say about EGYPT as an outsourcing destination?For several years, Egypt has been moving up the rankings in some of the ICT sector’s most influential reports, including those published by A.T. Kearney, Yankee Group and Datamonitor as well as the world renowned Global Services-Tholons Study which looks at the outsourcing industry’s emerging global cities. However, it is only in the last couple of years that Egypt has really made an impact in these, highlighting that Egypt is no longer one of the industry’s best kept secrets and that it is firmly establishing itself as a global hotspot for business process outsourcing.
In 2008, Yankee Group listed Egypt as the best positioned country in the Middle East to capitalize on the region’s booming ICT sector and the country’s capital, Cairo, was listed 7th - up from 11th in 2007 - in the Global Services-Tholons Study of the top 50 emerging global outsourcing cities. Egypt has also topped the World Bank’s list of reformers in 2006/2007 (previous high was 6th in 2004/2005) as a result of its reforms to labor, investment and intellectual property laws which have fuelled the country’s growth.
These reports not only demonstrate the leaps that Egypt has made in terms of infrastructure, talent and attractiveness as an outsourcing destination but show the world what Egypt has to offer local and multinational companies.
|
Business Monitor, Egypt information technology report Q3 2007.
With Egypt’s IT market size expected by BMI to be on course to increase a value of around US$1.3bn in 2011, from US$889mn in 2006, the market is one of the most promising in the MEA region over the forecast period. With strong real GDP growth likely over the next five years, led in part by two sectors with huge potential for IT vendors (real estate and telecommunications), as well as growing foreign investment, strong growth in IT revenues is likely. Egypt’s rise up the regional IT rankings as revealed in BMI’s regional overview is being fuelled by regional trade liberalisation with around 40% of the direct investments fuelling spending in key verticals such as telecom and finance coming from GCC countries. The same trend is also stimulating new spending by smaller and medium companies on applications, hardware and services with predictions from regional distributors that Egypt could soon surpass regional giants the UAE and Saudi Arabia for computer sales. Click here. |
|
|
Beyond BRIC by the London School of Economics and Political Science 2009
The Outsourcing Unit at the London School of Economics and Political Science (LSE) and ITIDA, the Information Technology Industry Development Agency of Egypt launched the ‘Beyond BRIC’ Report in Central London. The study, researched independently by the LSE over 5 months, provides an original analysis of the offshoring competitiveness of 14 non-BRIC countries setting Egypt within the context of these locations. To read more about Beyond BRIC by the London School of Economics and Political Science 2009, click here. |
|
|
Yankee Group Report – Can Middle Eastern Countries Fulfill the “Eastern” Promise?
In the 2008 Yankee Group Report looking at the attraction of Middle Eastern countries as outsourcing locations, Egypt was positioned as the leading light for the region and the only market that has strong similarities to India and China, two of the world’s leading outsourcing locations. The country was also reported to be in the best position to capitalize on the region’s booming ICT sector. The report reflects Egypt’s strength within the Middle East region but also highlights the potential it has to compete on a global scale. To read more about the Yankee Group report and their views on Egypt, click here. |
|
|
Yankee Group Report - Is the Future Bright for Outsourcing IT Services to Egypt?
Is Egypt the India of the Middle East? That’s the reputation the Egyptian government and business community hope will take hold as the country aggressively enters the lucrative and fast-growing offshore outsourcing market.
The offshore outsourcing market continues to be a strong and resilient one for those regions that successfully enter it. Egypt, a relatively new entrant to this segment, has some unique advantages—as well as some significant hurdles it must overcome if it wants to reap the economic benefits of outsourcing opportunities. India continues to be an outsourcing behemoth, leading the offshore outsourcing market both in IT outsourcing (ITO) and business process outsourcing (BPO). Currently, India holds about 60% of the overall offshore market, with revenue climbing to more than $6 billion last year in the BPO sector alone, and $22 billion in overall revenue. But other regions have been threatening India’s dominance in the offshore outsourcing sector, most notably
China, Latin America and Eastern Europe. Can Egypt make a strong showing as well? Here are some of the factors that will help and hinder Egypt… to read more click here. |
|
|
Global Services-Tholons Study – Top 50 Emerging Global Outsourcing Cities (2008)
2008 saw Egypt move up the table of the top 50 emerging global outsourcing cities and enter the top ten for the first time. In the latest report, Egypt is positioned in 7th place, up from 11th in the 2007 report. This rise highlights the developments that Egypt has gone through in the last 12 months. The study, based on interviews and surveys from tier one global IT service providers, shows that Egypt is fast becoming one of the world’s hotspots for global outsourcing. To read more about the Global Services-Tholons Study and Egypt’s rise into the top 10, click here. |
|
|
A.T. Kearney’s Global Services Location Index 2007
The Global Services Location Index from A.T. Kearney primarily looks at three areas – finance, people and environment. In the 2007 index, Cairo was ranked 13th ahead of Vietnam, Hungary and other emerging outsourcing locations. Amongst its findings, the index showed that Egypt is very cost-competitive when it comes to salaries for its IT programmers. Egyptians received an average of 9,126 USD in 2006, while 20,966 USD was the service norm in Morocco. To read more about the GA.T. Kearney’s Global Services Location Index 2007, click here.
|
|
|
Press Release: Egypt named Outsourcing Destination of the Year at the 2008, National Outsourcing Association Awards
London, 24 October, 2008: The British National Outsourcing Association
(NOA) gave Egypt the thumbs up and named it outsourcing destination of the
year. Egypt made its way to the prestigious award after beating the
Philippines and Romania in a too close to call race to win this category of the
NOA annual awards. Read More… |
|
|
Press Release: XMG Report: Egypt Outsourcing Services Industry Booming…
Cairo, 13 August, 2008…XMG, a global information and communications technology (ICT) research and advisory firm, underlined the substantial progress Egypt is making in the outsourcing services industry in comparison to European, Middle Eastern and African countries.
XMG report stated that Egypt is increasingly becoming a key player at the global outsourcing industry which, according to report, is expanding globally to reach $297 Billion and expected to reach $450 Billion by 2010.Read More… |
|
News
Events
