CAIRO: Raya Corporation recently inaugurated its new headquarters in Sixth of October city, with Minister of Communications and Information Technology Tarek Kamel attending the ribbon-cutting ceremony. "Providing a sound working environment, without a doubt, enhances the company's achievements and employees' productivity. Thus, leading to our corporate vision: being a market leader wherever we are, said Medhat Khalil, chairman and CEO of Raya Holding. The premise is built on an area of 23,000 square meters and features the latest top-notch IT infrastructure. The building includes conference areas and meeting rooms with video conferencing facilities, business centers, a library, gym, cafeteria, clinic, bank and much more. Raya Corporation is a pioneer in the field of telecommunications and information technology. The year 1999 marks both the inauguration of Raya and the creation of Egypt's first Ministry of Communication and Information Technology (MCIT) signifying the state's commitment to fostering a globally competitive ICT industry. Since MCIT announced the first national ICT plan in 1999, it has recognized the importance of creating an environment conducive to the development of the sector. Moreover, MCIT aims to promote Egypt as an ICT hub for the Middle East and Africa, providing the latest converged services to its citizens and businesses and exporting convergence-enabled services to neighboring countries. Now, through its branches in Saudi Arabia, United Arab Emirates, Algeria, Nigeria, USA and its partners in the region, Raya, with a group of around 3,000 professionals, provides technological business solutions for the whole region. Moreover, Raya has been making progress in margins and earnings throughout the last period by expanding its value added services, and fast entry into markets and lines of business that maximize profit, which reached a net income of LE 66.4 million in 2006.
