Egypt to host Innovation symposium

August 24, 2010 • Top Stories

Hosni Mubarak, Egyptian President

Already established as a world leader in global outsourcing and offshoring, Egypt is now focusing its investments and resources towards technology innovation and entrepreneurship.

Egypt’s Information Technology Industry Development Agency (ITIDA) will be showcasing the country’s innovation offerings and collaborative multinational projects at the 2010 CIO 100 Symposium and Awards Ceremony on August 22-24 in Rancho Palos Verdes, California, USA. The event recognizes leadership in the use of technology, information management, and organizational development, and honors the outstanding achievements of 100 industry-leading enterprises.

Dr. Tarek El-Sadany, Senior Advisor to the Minister of Communications and Information Technology of Egypt for Technology Policies, will be leading the panel discussion on “The future of IT innovation in a multilingual, global operation,” with Ahmed N. Tantawy, Director of Egypt’s Nanotechnology Center, and Hisham Sanad, Chairman, CEO and co-founder of egabi Solutions. The panelists will be discussing the emerging importance of technology innovation and key collaborations with multinational companies. The session will take place on Tuesday, August 24 at 2:40 pm at the Terranea Resort in Palos Verdes room #1.

“Egypt recognizes that a country’s capacity for innovation and entrepreneurship is a critical contributor to success in today’s competitive global marketplace,” said Dr. El-Sadany. “That’s why Egypt has invested heavily in the education and training over the past decade, resulting in a highly technical, multilingual workforce, a modern and safe business environment and cost-competitive services that foster the free flow of business innovation.”

Dr. El-Sadany adds, “With the government’s backing and support, Egypt will help companies and organizations by providing an environment where innovators and entrepreneurs can thrive. Through multinational collaboration and partnerships, entrepreneurs will focus on building ground-breaking business models and further creating or developing existing capabilities to solve problems. Egypt has so much to offer and, together with our clients, ITIDA is the guiding force for technology innovation, investment and development across Egypt.”

Raising the benchmark on technology innovation

Contributing to the country’s groundwork towards becoming a hub for innovation, Egypt built the Smart Village, a modern business park outside Cairo that spreads over 32 million square feet. Currently home to 120 entities including over 20 multi-national companies and 28,000 professionals, it is expected to host more than 500 companies and more than 100,000 employees by 2014.

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