Wednesday, April 30, 2008

Outsourcing To Egypt

Evidence in favor of Egypt as an offshore outsourcing location is compelling. Investors from Western Europe and North America are likely to be impressed with Egypt’s opportunities on several fronts, including:

Workforce: Egypt’s labor pool is ample and it is educated. It is clear that young Egyptians are enthusiastic employees, westernized in the commercial outlook and value the ability to speak numerous languages. This provides Outsourcing companies with an excellent opportunity to recruit the type of employees with whom they can be confident of serving foreign clients effectively.

Business culture: Egypt possesses a commercial atmosphere that is decidedly westernized, and that has attracted numerous multinational corporations. Management level executives are
multilingual, and foreign workers are commonly found. Such an atmosphere helps facilitate confidence in foreign investment in contact center services and an understanding of what clients and end-customers expect.

Stability: In the middle east, Egypt is a hallmark of economic and political stability. As discussed earlier economic growth has been consistent and inflation has remained low. As well, elections are regular and democratic. Combined with efforts to strengthen transparent business practices, Egypt’s stable investment climate should build confidence among prospective offshore software development investors.

Industry development: With the establishment of a local industry association, and support from the government, Egypt is rapidly gaining a reputation for quality infrastructure that is reliable and modern in terms of software outsourcing providers.

These key reasons are the foundation for growth in the Egyptian offshore outsourcing business. Given the enthusiasm shared by existing players and customers, it is very likely that this industry will continue its already rapid growth.


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