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Egypt Aims to Boost ICT Outsourcing Exports to $12 Billion by 2030

Cairo:Egypt is set to enhance its role in the global outsourcing industry, with projections to increase the sector's exports to $12 billion by 2030. This ambitious target was announced by Egypt’s Minister of Communications and Information Technology, Raafat Hindi, who highlighted the country's successful attraction of significant investments in the sector.

According to State Information Service Egypt, Minister Hindi revealed in an interview with Egypt's Channel One television that the nation currently hosts 280 outsourcing centers employing 200,000 young people, with a substantial 80% of their services dedicated to exports. The minister emphasized that Egypt's digital strategy focuses on improving citizens' quality of life, aiming to create 200,000 jobs by 2030, half of which will be high-value-added positions in fields such as artificial intelligence.

The strategy also includes plans to empower 250 startups in the artificial intelligence market, with a focus on applications in education and healthcare sectors. In terms of infrastructure, Hindi stated that fiber-optic cables would reach more than 55% of homes and establishments by 2030, and all governorates would have access to fifth-generation (5G) networks.

Furthermore, the minister noted that Egypt intends to increase mobile phone production to 30 million devices, with half of these being exported, thereby solidifying its position as a regional leader in the mobile phone industry.

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