IT Industry Development Agency Verified listing

Why Egypt? - Resilient and constantly growing economy - Young, skilled and multilingual workforce - Competitive economy, with pro-business government policies and regulators - World-class infrastructure - Low labor and operating costs - Favorable strategic locations & time zone - Large domestic market with growing & strong demand - Foreign companies and investors have the same rights as local ones ITIDA is here to help with all aspects of starting up, growing and maintaining your business operations in Egypt. We will ensure that you roll out your business and accelerate your time to market seamlessly. To view our full value proposition, please click here. Financial Incentives Financial incentives offered on an annual reimbursement basis and are allocated to a set of items such as: **In line with new ITIDA is currently revising existing incentive scheme • Talent development costs • Telecommunication costs Customized non-financial support • Access to market intelligence and business opportunities a) Gain in-depth analysis for the market with our latest industry reports. b) Attend business matchmaking events, explore opportunities, network with the industry’s top experts & analysts and build partnerships. • Due diligence visits We arrange site visits to other multinationals operating in the sectors so that you can obtain actionable insights for your most critical decisions. • Talent Recruitment, Development & Training Effectively training your employees can improve your chances of success and business growth. We help you find the right talents, train & develop them to boost your business and meet increasing needs. You can also consider recruiting talents from our currently running tech-focused programs: a) Egypt FWD (Future Work is Digital) b) Next Technology Leaders • Access to service providers We’ve partnered with several top notch service-providers to guarantee you receive best in class services at exclusive costs helping you meet your strategic & financial goals. Aftercare System • Dedicated Account Manager As your company grows, you’ll need a proactive, dedicated account manager to fulfill your business inquiries, needs & demands. Because we put your best interest first, your own account manager will support you achieve your business goals.

Digital Egypt The digital transformation of Egypt’s IT industry is reshaping how CIOs and investors are allocating their business operations to ensure expansion & continuity. Known for its world-class infrastructure and key innovation enablers, Egypt is the regional digital hub for Middle East & Africa. The Egyptian Government has been investing to promote a digital infrastructure laying the foundations for the transformation of Egypt into a digital society focusing on five main pillars: 1) Digital Transformation 2) Digital Skills & Jobs 3) Digital Innovation 4) Digital Infrastructure 5) Legislative & Regulatory Framework. To read more click here . World Class Infrastructure Egypt remains a highly-favorable location And to further boost its position as a provider to world-class ICT & outsourcing services, the Egyptian government has undertaken several nation-wide projects to promote technological innovation, empowerment of young talents, creation and growth of new IT & tech-enabled local companies. The government has established seven technology & science parks across the country, a new Applied Innovation Center to boost R&D, and innovation hubs in universities & educational institutes as well as will be launching the largest Fibre Optic Factory in MENA region advancing the technological infrastructure of smart cities in Egypt. Talents & Emerging Technologies Egypt has one of the largest multilingual IT workforces in the world. Each year, 50,000 IT students graduate, of which enroll in programs developed by the government, educational institutions & MNCs to increase adoption of automation, data-driven technologies, Modern Software Development and AI. Given Egypt’s abundant supply of diversified tech talent (both men & women), today’s IT workforce is armed with critical thinking and advanced analytics capabilities driving global impact related to I. Design Thinking II. Automation III. Artificial Intelligence IV. Internet of Things V. Data Analytics VI. Cyber Security VII. Cloud Computing VIII. Software Development * ~80% of the working population in Egypt speaks English and other European languages compared to only 20 65% relative to peer Eastern European offshore centres *Due to this expansive multi lingual talent pool it is easy to set up and scale multi lingual offshoring operations quickly in Egypt Legislation & Regulations Egypt is a great place to start or expand your business. The country enjoys a welcoming business environment; offering protection, enormous growth opportunities besides a long list of incentives offered by the government for foreign companies (100% foreign ownership and other points guaranteed) New laws have been introduced to ensure a secure business environment for both local IT companies & foreign investors as well as facilitation their investments and expansions. New Investment Law Cyber Security Law Data Protection Law To ensure a smooth process of setting up a business in Egypt, ITIDA works closely with GAFI, the General Authority for Investment and Free Zones. Download PWC’s Guide to doing business in Egypt here. This guide is intended to introduce potential investors to the taxation and legal aspects of doing business in Egypt, particularly from the perspective of an inbound investor.

Young, High-Value & Multilingual Talents - * ~80% of the working population in Egypt speaks English and other European languages compared to only 20-65% relative to peer Eastern European offshore centers - Multi-lingual talent pool of 700K+ graduates Largest in the Arab speaking world and second largest in EMEA region Best of Both Worlds – Forward Looking & Hospitable Disposition Egypt is considered one of the friendliest & warm countries in EMEA, as its population is always eager to explore and embrace other cultures. Moreover, drawing on Egypt’s rich & diverse historical background and culture, such has resulted in a mix of hospitable & population who share cultural affinity with Europe, US & the Arab World. This is best reflected in young Egyptians’ forward-looking modern lifestyle yet authentic & generous disposition. Multi-lingual Talents & Emerging Technologies Egypt has one of the largest multilingual IT workforces in the world. As part of their early education, all Egyptians study English, Arabic, and either French or German, giving them a high trilingual ability. Besides Arabic, English is the largest in scale, followed by French (6%), German (3%) & Italian (3%). Each year, 50,000 IT students graduate, of which enroll in programs developed by the government, educational institutions & MNCs to increase adoption of emerging technologies such as automation, data-driven technologies, Modern Software Development and AI. Given Egypt’s abundant supply of diversified tech talent (both men & women), today’s IT workforce is armed with critical thinking and advanced analytics capabilities ready to drive impact within today’s highly competitive and globalized business landscape. I. Design Thinking II. Automation III. Artificial Intelligence IV. Internet of Things V. Data Analytics VI. Cyber Security VII. Cloud Computing VIII. Software Development Scalable & Cost-effective With thriving tech-businesses, finding a large talent pool of competent IT specialists is becoming more challenging by the day. However, this has rarely been a concern for companies based in Egypt. In fact, even during the pandemic, many IT multi-national & local companies have been able to scale up their technical talents on mass (for example Vodafone Intelligent Solutions grew by +21%, Teleperformance by +31%, Majorel by 17%, Orange Business Service by +25% and much more serving internal business lines across the globe. Consequently, other MNCs are redirecting their interest towards Egypt to grow & expand their businesses and penetrate new international markets.

Egypt, MENA Region’s Powerhouse of Innovation “While the entire MENA region is exciting, the sheer size of Egypt coupled with the natural creativity of the population make the country an ideal melting pot for entrepreneurship. International investors risk missing out on exponential growth and must take note of the ecosystem before it’s too late.” - Aboudi Al-Qattan, Investment Associate at DASH Ventures Owing to its young, dynamic & tech-savvy population, Egypt is constantly brimming with new opportunities & tech-driven businesses. Many Egyptian tech & tech-enabled startups continue to play a key role in propelling Egypt towards becoming a digital economy of the future, offering world-class solutions to today’s complex & unprecedented challenges. What distinguishes Egypt is its young talents, equipped with emerging technologies like AI, IOT, Big Data & Robotics, are always looking to advocate new business models that can drive innovation & excellence in both the local and international markets. With the likes of Telda, SWVL, Vezeeta and many other Egyptian-based startups, Egypt is taking the entrepreneurial ecosystem by storm. Egypt Startups: A Fast-Growing Ecosystem: - Egypt saw total funding growth by 30% YoY, higher than the 13% growth in venture investment recorded across the whole MENA region (Magnitt’s report). - International firms represented 32% of all investors supporting Egyptian startups in 2020, compared to 21% in UAE and 18% in Saudi Arabia. - Cairo was ranked among the Highest Growth Ecosystems, Top 10 ecosystems Globally for affordable talent, and Top 10 ecosystems in MEA in funding (Startup Genome’s report). - Egypt was recognized to have the largest number of registered startups in MENA, with 33% share of total number of startups (Wamda’s report). ITIDA’s Technology Innovation & Entrepreneurship Center ITIDA’s Technology Innovation & Entrepreneurship Center (TIEC ) was established in 2010 to cater not only for startups, but for students, entrepreneurs, etc. with a portfolio of programs. TIEC acts as a catalyst to the ecosystem and provides end-to-end support, starting from raising awareness in universities and ideation camps through pre-incubation/incubation programs (providing office spaces, seed funding, mentoring, networking, etc.) to market penetration and linkages with international/regional VCs. Latest Startup Ecosystem Government Initiatives Innovation is at the heart of Egypt’s government vision and strategy. In 2020, the Ministry of CIT launched the following: - Creativa Innovation Hubs in collaboration with public universities, where hubs reside inside the universities with external access to support students as well as start-ups to meetup, innovate, access resources, and develop digital transformation solutions. - The Applied Innovation Center to promote the use of emerging technologies in addressing and solving national challenges. The center aims at developing human capital and creating an environment for innovative startups to grow and accelerating the creation of domestic high-tech enterprises. - “Our opportunity is Digital” initiative, which involves a digital platform with national digital transformation (DX) projects are offered solely for startups and SMEs either for direct implementation or in partnership with large companies. The Initiative also involves up-skilling opportunities for startups’ employees in AI and Machine Learning, in collaboration with tech giants like AWS. Connect with the Egyptian Startup Ecosystem - Get invited to pitching & matchmaking events - Receive reports on latest trends & insights for Egyptian Startup Ecosystem - Get introduced to Egyptian Startups