Making global investment easier
Another emerging participant is Egypt. “At the first European Outsourcing Association Awards held earlier this month in Brussels, Egypt was awarded the title of Offshoring Destination of the Year.”
Egypt built a business center 20 minutes from the capital Cairo, primarily to service the needs of prominent multinational and local companies in the field of telecommunications and information technologies. Started in 2003, Cairo’s “Smart Village” caters to IT service companies; the thrust now is to attract multinational call-center operations. The key to Smart Village is that it is designed as a contained business park, with residential and commercial facilities, as well as all appropriate government agencies, to service the global companies setting up shop there.
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