Egypt signed agreements with 55 local and global companies to expand operations in the country's outsourcing and digital services sector, in deals expected to create over 70,000 new jobs in the next three years, the Cabinet said Sunday. Prime Minister Moustafa Madbouly witnessed the signing ceremony between the Egyptian Information Technology Industry Development Agency (ITIDA) and companies including Accenture, IBM, HSBC, Ericsson, Capgemini, Deloitte, and PwC, during the Global Offshoring Summit 2025 held in Cairo. The agreements cover the opening of new offices and expansion of existing centres to export digital services from Egypt to global markets, the Cabinet added in a statement. "The state is keen to offer more incentives and facilitation to attract investments to this vital sector," Madbouly said, adding that President Abdel Fattah El-Sisi has directed continued support for the ICT industry given its role in driving growth and foreign investment. Communications Minister Amr Talaat said Egypt has become "one of the most competitive destinations globally" for outsourcing companies, citing the country's multilingual talent, strong digital infrastructure, and low operating costs. Talaat added that 39 of the companies involved in the latest agreements are expanding existing operations in Egypt, while 16 are entering the market for the first time. He noted that the ICT sector's contribution to Egypt's gross domestic product has nearly doubled over the past decade, growing three to four times faster than the national average. While Egypt's economy grew 4.4 per cent in the last fiscal year, the ICT sector expanded between 14 per cent and 16 per cent, Talaat said. Since 2019, Egypt has invested about $6 billion in digital infrastructure upgrades, making it Africa's leader in internet speed for several years and the second cheapest in cost, according to the minister. Talaat said the government provides digital training to about one million citizens annually and is extending fibre-optic networks to 4,500 villages, allowing global firms to hire remote workers from across the country. He added that 39 of the companies involved in the latest agreements are expanding existing operations in Egypt, while 16 are entering the market for the first time. "Egypt's young digital talent is driving the future of global services from Egypt to the world," Talaat said. Companies signing the agreements include: Accenture, ADCB, Almaviva, Alshaya Group, Arcsen, Atals Copco, Capgemini, Celfocus, Coca-Cola, Conectys, cyber50, Deloitte, DXC, E& CX solutions, eClerx, Ericsson, Evolvice, Expleo, Giza systems, Honeywell, HSBC, IBM, IGT solutions, Intelcia, Intellias, Intouch, Iqor, Kraft Heinz, Linkedev, Luxoft, NAOS, Nestle, Noon, Noventiq, PWC, Raya Contact Centre, RSA, Seitech, Sigma, Sutherland, task us, Teleperformance, Transcom, TTEC Egypt, VOIS, VXI, WeGO, Xceed, CCI, Mixel-Egypt, FPT, Photonx, Alorica, Advansys, and Maf. Attribution: Amwal Al Ghad English
