Egypt is positioning itself as a global competitor in the sourcing world. Egypt is continuously availing its solid fundamentals from abundant diverse talent pool, favorable costs, and pivotal geographic location. Endlessly recognized globally, Egypt holds its ranks amidst world-renowned consultants such as Frost & Sullivan, A. T. Kearney amongst others. Renowned as a regional leader and ranked 1st in the region and 10th globally according to A. T. Kearney’s 2014 Global Services Location Index, Egypt is considered a competitive sourcing destination for world-leading corporations. Recognizing the vast progress Egypt has made in the outsourcing landscape, Egypt was awarded the prestigious title of Outsourcing Destination of the Year 2016 by the Global Outsourcing Association (GSA).
The business world is a cutthroat landscape that requires you to be on your toes every single time.
If you want to be on the advantage when it comes to your business, we recommend finding the right outsourcing company who can provide you with extra help.
Here are some reasons why outsourcing from Egypt is a good thing for your business:
The cost of doing business in Egypt remains highly favorable, and despite some investor skepticism, the economic outlook is positive. This year Egypt saw continued growth in the ICT market with the industry reaching $1.4 billion in export revenue and gaining recognition from international organizations such as the United Nations Conference on Trade and Development (UNCTAD). This continued growth and recognition from key industry experts reaffirm Egypt’s confidence in achieving IT export revenues of $10 billion by 2020.
2. A Change in Operations
Change is always a good thing and for companies who spend too much time doing a certain task that isn’t at all important. Outsourcing is a great option for them to make the work process easier to handle. Those working in a local company may choose to outsource work so that they can continue to focus on the core business processes. Small tasks can be easily passed on to outsourcing companies.
3. Synchronized timezone
Time is an important factor in terms of business and profitability. The outsourcing of tasks is gaining maximum importance among organizations all over the world. Egypt is a favorite location for outsourcing of projects, because of many advantages. With time zone difference being an added advantage for Egypt, it only makes it a preferred choice for various countries to outsource even their crucial projects here. Work that is outsourced to another country where the time zone is totally different. It can prove to be an advantage, especially if the company has staff that can work twenty-four-hour.
Egypt is home to several Fortune 500 companies and hundreds of multinational and regional players
Egypt’s strengths as an outsourcing destination:
This paper by the Information Technology Industry Development Agency explains why Egypt is a perfect outsourcing destination.
You can see whitepaper now!