Cairo, Egypt - A high-level German delegation visited Egypt this week to strengthen bilateral cooperation in the information and communications technology (ICT) sector, particularly in outsourcing. The visit builds upon the recent trip by Bavaria's Prime Minister, who also emphasized private-sector engagement with Egypt.
During the meetings, Egyptian officials highlighted the country's burgeoning outsourcing industry, which saw exports surge to $3.7 billion in 2023, up from $2.4 billion the previous year. Egypt aims to significantly expand this sector, targeting $9 billion in outsourcing exports by 2026.
Key areas of focus for the German-Egyptian partnership include:
Attracting German Investment: Encouraging greater German investment in Egypt's ICT infrastructure and startups.
Skill Development: Collaborating on programs to enhance the digital skills of Egyptian youth, aligning with the growing demand for skilled professionals in the global market.
Outsourcing Collaboration: Facilitating partnerships between Egyptian and German companies in outsourcing services, including call centers, digital services, and design.
Talent Exchange: Exploring avenues for Egyptian professionals to fill critical skill gaps in the German job market, particularly within small and medium-sized enterprises (SMEs).
The German delegation acknowledged the significant potential for collaboration, citing the high quality and cost-effectiveness of Egypt's ICT workforce. They also emphasized the role of the German-Arab Friendship Association in fostering government-private sector partnerships for joint projects.
This visit underscores the growing importance of Egypt as a regional hub for ICT and outsourcing. By leveraging its skilled workforce and strategic location, Egypt aims to further integrate into global technology value chains and contribute to economic growth.
[Copyright (c) Global Economic Times. All Rights Reserved.]
