ITIDA HUB: 550 million Egyptian pounds in export aid to more than 250 companies

Eng. Amr Mahfouz, CEO of the Information Technology Industry Development Agency (ITIDA), reaffirmed the government’s zeal to work with the private sector and civil society organizations to improve growth processes in the Egyptian information technology sector, noting that the government’s working strategy is focused on three axes: market development, and system creation, environmental and business climate, and the development of digital skills.

Speaking at the annual conference of the Chamber of Information and Communication Technology Industry “A Digital Home”, Mahfouz said the government is working to promote the growth of the knowledge economy in the sector and create opportunities for Egyptian youth through their digital skills and to enable them from the free labor market to carry out its knowledge services, as well as sponsoring Entrepreneurs and incubating innovative start-ups, in addition to jobs available in the booming IT market in Egypt.

Mahfouz added that huge investments in the Egyptian technological infrastructure worth $ 2 billion, in addition to investments in the energy sector worth $ 10 billion, in addition to investments in digital skills and frameworks, contributed to strengthening Egypt’s global position and its flexible response during the pandemic, notes that the authority There is a growing interest on the part of international companies to invest in the Egyptian outsourcing sector, as well as in the expansion of existing international companies, in addition to new companies entering the Egyptian market.

Mahfouz said Egypt has 600,000 graduates annually, including 230,000 graduates in the fields of science, technology and mathematics and 50,000 engineers in engineering, and the government is working to train them and hone their skills. developed to keep pace with the demands of the local and global labor market.

Mahfouz explained that the current challenges include disruption in supply chains and reform of the supply chain for many industries; It highlights the need to improve cooperation and integration in the light of the capabilities and capabilities enjoyed by Egypt and qualifies it to take advantage of the opportunities available to the ICT sector, particularly in the cross-border service industry, in which Egypt is a crucial role through its ability to bridge the gap in digital skills worldwide.

And the CEO of the government spoke about Egypt’s digital strategy for the outsourcing industry, which was launched by the government to double the volume of outsourcing industry exports and create more than 215,000 jobs over the next five years, during which incentives provided to local companies for the first time in exchange for the appointment of more cadres in export-oriented positions and activities.

He explained that the strategy works on three axes: marketing and promotion, creating a business environment, developing skills and improving Egypt’s competitive position, after studying 10 competing countries, in addition to training based on demand in the local and global market, noting that the focus is on call center services, information technology services and electronic design and embedded software.

Mahfouz said the government, in collaboration with the Chamber of Information Technology Industry, Etisal Association and Nile University, had signed a co-operation agreement with the Center for the Promotion of Imports from Developing Countries (CBI) of the Dutch Ministry of Foreign Affairs, in launching a comprehensive program to develop the export capabilities of Egyptian small and medium-sized companies working in the field of information technology.

He pointed out that 89 companies applied for the program, 38 of whom were selected for review and audit before choosing the final list and starting this promising program, which will take about 3 years for the beneficiary companies to be eligible to To penetrate European markets.

Mahfouz pointed out that the government, through the export support program during its previous sessions, provided about 550 million Egyptian pounds as export support, which benefited more than 250 local companies.

Mahfouz added that the software engineering evaluation and accreditation center in government has developed a framework and a standard reference structure in digital transformation in the software industry DX4SW to develop local companies in this field and to evaluate 25 companies for their competitiveness to improve, in addition to the center’s efforts involved in building the capabilities of local software companies through certificates of accreditation of the claim model Quality built-in CMMI for small and medium software companies.

Regarding the pillar of entrepreneurship and the start-up sector, Ing Amr Mahfouz stated that investments in emerging companies amounted to about $ 380 million, at a rate in the first half of this year, with a growth rate of 190% compared to the same period last year year.

Mahfouz said the government has developed a comprehensive five-year strategy 2025-2021 in collaboration with consulting firm Deloitte, to maximize the start-up sector, develop an integrated system for technological innovation and improve the entrepreneurship environment by connecting innovative solutions with local, regional and global demand and attracts more venture capital funds to invest in Egypt, ensuring easy access to skills.He pointed out that this sector is experiencing a surge in the volume and rates of foreign investment, which amounted to 77% , which is the highest in the region, reflecting the confidence of venture capital funds in the Egyptian entrepreneurial climate and the excellence of innovative solutions and ideas based on information technology.

At the end of his speech, Mahfouz shed light on the government’s efforts related to the expansion of the electronic signature system and the spread of the uses of electronic signature for the management of electronic activities and transactions, which contribute to the achievement of the digital egypt strategy, note that the government doubled the number of companies licensed to provide the service a few months ago to become 4 Egyptian companies, in addition to the Ministry of Finance, which is authorized to provide the electronic signature and issue electronic stamp for Egyptian government employees.

The government’s statistics confirm the steady growth in the volume of electronic signature transactions in Egypt, as it was estimated at around 3 million transactions during the year 2020, when it reached more than 153 million during 2021, and then exceeded 135 million transactions in the first four has. months of this year.

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