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Wednesday, 6 March 2019

Microsoft launches platform for tech solutions to startups in Egypt

Microsoft has launched a platform to provide tech solutions and marketing services to startups in Egypt, Microsoft’s startups initiative director Sherif Aziz said, according to Masrawy. The platform will also eventually allow startups to get in touch with investors and public bodies. Research by the International Data Corporation (IDC) recently found that cloud services could create almost 100,000 jobs by the end of 2022, Microsoft claimed in a press release. The IDC has predicted that the Egyptian government will significantly up-scale its investment in cloud services to USD 162.6 mn by 2022, up from just USD 48.5 mn in 2017. This level of funding would create around 69,570 new jobs, while the adoption of Microsoft’s tech infrastructure would add an additional 30,540 positions. Meanwhile, the government’s total IT spending is projected to rise to USD 1.17 bn over the next three years, leading to 417,135 new IT jobs.

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