CAIRO – The Information Technology Industry Development Agency (ITIDA) and the German Agency for International Cooperation (GIZ) have signed a memorandum of understanding to promote Egypt’s offshoring sector and integrate Industry 4.0 digital technologies in local electronics manufacturing.

The focus will be on two pilot clusters, namely the Industry 4.0 Innovation Centre in the Knowledge City, and the Innovation Cluster at Borg El Arab City. The two parties hosted a round table meeting for local and foreign companies specializing in IT outsourcing and global business services to discuss the available growth opportunities, potential partnerships, and means to enhance their operations to help them expand their global delivery centers in Egypt.

ITIDA CEO Ahmed El Zaher said this was a step in the constructive cooperation between Egypt and Germany in the IT sector, and is in line with ITIDA's endeavors to drive growth and strengthen Egypt's global position as a reliable offshoring hub for IT and business services, with great potential in the high-end, value-added services and electronics industry.

ITIDA and GIZ will work to strengthen offshoring activities in both Egypt and Germany, in addition to the EU at large, by attracting more German companies to establish global delivery centers in Egypt, and will also promote digitization in Egypt through training programs and support for at least 50 Egyptian companies to enhance job creation and employment.

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