Deloitte Launches $30M Hub in Egypt to Boost Digital Exports
TLDR
- Egypt's Minister of Communications and IT inaugurates Deloitte Innovation Hub in Cairo with a $30 million investment over three years.
- Deloitte's hub aims to provide digital services to clients in Europe and the Middle East, focusing on AI, data analytics, cloud computing, cybersecurity, and ERP systems.
- Deloitte plans to expand the hub's workforce to 5,000 employees, boosting Egypt's digital footprint and capitalizing on skilled local talent for international clients.
Egypt’s Minister of Communications and IT, Amr Talaat, has inaugurated the Deloitte Innovation Hub in Cairo, backed by a $30 million investment over three years.
The hub, Deloitte’s first center for exporting digital services from Egypt, aims to serve clients across Europe and the Middle East with AI, data analytics, cloud computing, cybersecurity, and ERP systems solutions. Deloitte plans to expand the hub’s workforce to 5,000 employees as it grows, boosting Egypt’s digital footprint.
Hani Girgis, head of the Deloitte Innovation Hub, emphasized the hub’s impact on local talent and society while delivering value for international clients. Talaat noted Egypt’s appeal as an IT hub, citing a skilled youth demographic and a surge in digital exports, which reached $6.2 billion in 2023—a 26% increase over 2022.
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Key Takeaways
The Deloitte Innovation Hub marks a milestone in Egypt’s transformation into a regional digital leader, supported by government-backed ICT growth initiatives. With digital exports increasing and a projected ICT workforce expansion, Egypt is positioning itself as a key player in the Middle East and Africa. The government aims for 130,000 outsourcing professionals and $3.7 billion in digital exports by 2024, growing to 550,000 professionals and $9 billion by 2026. This trajectory has attracted investments from tech giants like Huawei, which, alongside Telecom Egypt, will launch Northern Africa’s first public cloud platform. Such moves underscore Egypt’s strategic role in the region's digital economy and IT service exports.
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