Egypt IT exports poised to reach $1bln by 2010

August 19, 2009 • Mobile and Telecoms

EGYPT is set to increase the volume of its information tecnology exports to US$1.1 billion per year by 2010, Tarek Kamel, Egyptian Minister of Communications and Information Technology said
at a special lunch hosted by the United States and Egypt business leaders.

“Egypt is now at the new crossroads for next stage in the IT revolution,” added Kamel. “With a long history of innovation, we are a young, energetic country with a population that grew up in the technology world, so we’ve keyed some of the specific goals as a nation around technology — being a
hub for innovation and research, cyber security and cross-border collaboration.”

During the visit to New York and Washington Kamel and Information Technology Industry Development Agency (ITIDA) officials met with senior business executives from top Fortune 100 companies like Board Chairman and CEO of IBM Corp. Samuel J. Palmisano to discuss new business, technology
innovation and future opportunities to collaborate in Egypt.

He told them that Egypt was also well-positioned to be a major distribution hub for Europe and the Middle East.

“Egypt is located on the paths of most optical cables linking Africa and Asia with Europe and North America. Egypt has also developed fiber connectivity with its neighbors, which makes it a prime location for transient traffic to the region. With the only direct connection from the
Indian Ocean to the Mediterranean Sea, Egypt is also strategically positioned to be a manufacturing, logistics and distribution hub for Europe and the Middle East,” he said

Egypt has been highly aggressive over the past decade in delivering on major infrastructure, bandwidth, educational and telecommunications projects to drive increased interest in companies looking to establish major global service delivery centers in the country.

Joseph Mayton

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