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Monday, 24 May 2021

#1 outsourcing destination in MENA, ladies and gents

Egypt retains its position as the most attractive outsourcing and offshore operations in the MENA, ranking 15th in global management consultancy AT Kearney’s Global Services Location Index 2021. Egypt was also the only MENA country to make it to the top 20 of the index, with UAE ranking 25th and Turkey 26th, according to a report (pdf). While retaining the top MENA spot, Egypt did fall one spot down from 14th a year earlier. The index, which looks at the viability of some 60 countries as outsourcing destinations, analyzes 47 metrics across four main categories: financial attractiveness, people skills and availability, business environment, and digital resonance.

Egypt is seen as a financially luring outsourcing destination for multinational services companies thanks to its low compensation and infrastructure costs as well as solid entrepreneurial environment, the report noted, highlighting the “public sector willing to make strategic investments.” The government is boosting its “Digital Egypt” initiative, which has attracted Ericsson to establish a digital hub in Cairo to manufacture cognitive software for global markets, the report notes.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.