Egypt’s Ministry of Communications and Data Expertise and EY Center East and North Africa (EY MENA) have signed a memorandum of understanding (MoU) to ascertain a regional consulting and IT outsourcing hub in Egypt, a transfer anticipated to create greater than 1,000 specialised jobs over the subsequent three years.
The settlement, signed between the Data Expertise Business Growth Company (ITIDA) and EY MENA, supplies a framework for increasing the corporate’s operations in Egypt whereas supporting expertise improvement and strengthening the nation’s digital companies export capabilities.
The deliberate centre will serve shoppers throughout the Center East and North Africa, delivering a broad portfolio of enterprise consulting and superior expertise companies from Egypt.
The announcement was made throughout a gathering between Egypt’s Minister of Communications and Data Expertise, Raafat Hindi, and senior executives from EY MENA, together with Omar Ouda, Head of Consulting at EY MENA; Ahmed El Zaher, CEO of ITIDA; Mahmoud Safrouta, ITIDA’s Deputy CEO; and Tamer Abou El Azm, EY Egypt Consulting Chief.
“The enlargement of EY MENA by way of the launch of a regional outsourcing and consulting centre displays Egypt’s rising attractiveness as a vacation spot for international funding in cross-border expertise companies,” Hindi stated.
He added that the venture reinforces Egypt’s competitiveness in high-value outsourcing companies, helps the expansion of digital exports, creates specialised employment alternatives, and strengthens the nation’s place as a regional hub for expertise companies and enterprise consulting.
The brand new centre will present built-in consulting companies spanning enterprise consulting, threat advisory, human capital and organisational transformation, alongside superior expertise companies, together with cybersecurity, digital engineering, knowledge analytics, synthetic intelligence, enterprise platforms, and expertise transformation methods.
EY intends to leverage Egypt’s extremely expert workforce to ship these companies to shoppers throughout the MENA area.
Ouda described Egypt as a strategic vacation spot for the agency’s regional enlargement, citing its younger expertise pool, superior digital infrastructure, and strategic geographic location connecting regional and worldwide markets.
“The memorandum of understanding with ITIDA demonstrates EY’s long-term dedication to the Egyptian market. It’s going to assist the localisation of superior companies, facilitate data switch, and equip Egyptian professionals to work on main digital transformation tasks throughout the area,” he stated.
Ahmed El Zaher, CEO of ITIDA, stated the company stays dedicated to supporting multinational firms increasing in Egypt by way of workforce improvement initiatives and programmes designed to organize younger professionals to ship high-value digital companies to regional and international markets.
He added that EY’s enlargement additional strengthens Egypt’s competitiveness as a vacation spot for outsourcing and digital companies exports by capitalising on the nation’s engineering expertise and funding benefits.
Tamer Abou El Azm, EY Egypt Consulting Chief, stated the agency’s mission extends past constructing a profitable consulting enterprise to creating a brand new technology of Egyptian professionals able to main digital transformation throughout the area.
“Via EY Egypt’s consulting observe, we intention to switch international consulting experience to native expertise, enabling them to drive transformation and create sustainable affect in Egypt and past,” he stated.
The cooperation between EY MENA and ITIDA additionally contains digital abilities improvement programmes, workforce readiness initiatives, and incentives designed to encourage multinational firms to ascertain regional service operations in Egypt.
EY is without doubt one of the world’s main skilled companies corporations. The corporate has operated throughout the Center East and North Africa since 1923 and at this time employs greater than 8,500 professionals throughout 27 workplaces in 14 nations.
