Dr. Mostafa Madbouly, the Prime Minister, reviewed a report on “Outsourcing in Egypt,” prepared by Dr. Osama El-Gohary, Head of the Information and Decision Support Center.
The report highlights that Egypt is one of the top destinations for providing outsourcing and cross-border IT services. It successfully attracts many global companies to establish branches here. This is thanks to its skilled young workforce, supportive infrastructure, and competitive advantages.
In light of this report, we at Jobzella are delighted to highlight our role in this growing industry through our new guide titled “Your Guide to Understanding Outsourcing Services in Egypt.”
This guide contains comprehensive information that reveals why Egypt is the ideal destination for outsourcing, in addition to the distinctive outsourcing solutions we offer.
According to the report, Egypt’s IT sector has witnessed remarkable growth, with the sector’s added value reaching EGP 275.5 billion in the fiscal year 2022/2023, compared to EGP 209.5 billion in the fiscal year 2021/2022, marking a growth rate of 31.5%.
Launch of Egypt Outsourcing Destination Guide
The report also mentioned the launch of the “Egypt Outsourcing Destination Guide” in collaboration with the “German Outsourcing Association,” which showcases Egypt’s competitive advantages and capabilities in this field.
Egypt’s Legal Framework for Outsourcing
The report explains that Egypt has set up clear laws and rules to make a good environment for outsourcing. This is to protect companies that provide services and their clients. Egypt has also taken steps to support the IT industry and make procedures easier. These steps include laws like the Intellectual Property Law, the Telecommunications Regulation Law, and the Personal Data Protection Law.
The report notes that Egypt is set to become the next major commercial hub and a global center for outsourcing services. This is through its digital strategy for the outsourcing industry (2022-2026). The strategy aims to attract major global companies and grow Egypt’s digital exports. It also aims to provide job opportunities for youth in the digital economy. Key goals of the strategy include:
- Tripling Egypt’s digital export revenues and creating 215,000 jobs in the outsourcing sector.
- Expanding into foreign markets.
- Developing the industry systematically and organized.
- Competing globally.
Digital Exports Growth
Additionally, the report highlights that the value of Egypt’s digital exports reached $6.2 billion in the fiscal year 2022/2023, compared to $4.9 billion in the fiscal year 2021/2022, an increase of 26.5%.
Sector Growth
The outsourcing services sector grew by 54.2% in the fiscal year 2022/2023, with the sector’s added value reaching $3.7 billion, compared to $2.4 billion in the fiscal year 2021/2022.
What Key Aspects Does “Your Guide to Outsourcing in Egypt” Cover?
The guide provides essential insights and practical strategies to help you make the most of outsourcing:
- Understanding Outsourcing: Learn what outsourcing is, how it works, and how it can help your business grow.
- Real Benefits and Misconceptions: Discover the numerous benefits of outsourcing, such as cost savings and improved efficiency. We also clarify common misconceptions that may cause hesitation.
- Reasons to Choose Outsourcing: Find out why companies around the world opt for outsourcing specific tasks and how it can help your business grow and remain competitive.
- Jobzella’s Solutions: Explore Jobzella’s wide range of outsourcing services tailored to meet the specific needs of various sectors. Whether you need customer support, IT services, or specialized technical skills, Jobzella offers limitless solutions to propel your business forward.
Who Should Download The Outsourcing Guide?
This guide is aimed at business owners and decision-makers in:
- Small and Medium Enterprises: Looking to optimize operating costs, enhance efficiency, and focus on core business goals.
- Large Corporations: Seeking to streamline operations and maintain a competitive edge in a dynamic market.
- Startups: Needing access to technical expertise and support to accelerate growth without the burden of intensive recruitment processes.
Don’t miss the opportunity to get our comprehensive guide “Your Guide to Understanding Outsourcing Services in Egypt” and discover the fantastic opportunities. You can learn more about the guide by exploring Launching Now: Your Guide to Outsourcing in Egypt!