President Abdel Fattah El Sisi stressed Egypt’s full support for foreign investors and the State’s readiness to remove any obstacles that might hinder their business in the country.
He said that Egypt’s stability, despite the regional challenges, remains a key attraction for foreign investments.
The president made the remarks during his meeting on Monday with CEOs of 52 leading Egyptian and global outsourcing and IT companies, which is held on the sidelines of the Global Offshoring Summit hosted by Egypt on November 9-10, said Presidential Spokesman Mohamed El Shennawy.
Prime Minister Mostafa Madbouli and Minister of Communications and Information Technology Amr Talaat attended the meeting.
The spokesman added that President Sisi welcomed the representatives of outsourcing and IT companies and thanked them for their confidence in Egypt’s information and communications technology (ICT) sector, noting that this confidence was reflected in the signing of 55 agreements with the Ministry of Communications and Information Technology to create 75,000 new jobs over the next three years.
The president underlined that Egypt’s hosting of the Global Offshoring Summit demonstrates international confidence in the country’s capabilities and commitment to strengthening its position as a leading destination for global firms—particularly in outsourcing and digital services—supported by its strong competitive advantages in the ICT field.
President Sisi indicated that Egypt had implemented a national digital strategy to transform the ICT sector from a purely service-based field into a productive one that drives job creation, exports, and economic growth.
The president highlighted the importance of human capital in executing this strategy, especially as Egypt is expanding its pool of skilled talent through cooperation with leading international universities and institutions.
He also emphasized the State’s keenness to integrate digital education into national curriculum and expand opportunities in this rapidly growing market.
For their part, representatives of the outsourcing and IT companies praised Egypt’s investment climate and expressed interest in expanding their businesses.
The communications minister said that the ICT sector has become Egypt’s fourth strategic pillar of economic growth, alongside industry, agriculture, and tourism.
He added that outsourcing now represents a key driver of Egypt’s digital transformation strategy, with the government aiming to quadruple employment and digital exports in the coming years.
Talaat stated that the number of annual trainees had risen dramatically—from 4,000 eight years ago to 800,000 this year—as part of a comprehensive national strategy to build digital skills, which includes organizing training programs at 24 Digital Egypt Innovation Centers across the country and expanding access to remote digital training.
The minister also noted the Digital Pioneers Initiative, personally supervised by President Sisi, which provides fully funded training for over 10,000 young people annually, and highlighted the government’s incentive packages supporting global ICT companies operating in Egypt.
He revealed that Egypt’s digital outsourcing exports doubled between 2022 and 2024, with ICT growth rates averaging 14–16% annually, raising the sector’s contribution to GDP from 3.2% in 2018 to 6% in 2025.
Egypt has also maintained its position as Africa’s fastest fixed Internet country for five consecutive years, while Cairo ranks among the world’s top innovation and entrepreneurship hubs.
