Egypt is making substantial progress in the outsourcing services industry in comparison to European, Middle Eastern and African countries, according to a recent report quoted by Daily News-Egypt. The speedy progress in the outsourcing domain was hailed in several studies, supporting what officials have been saying for the past couple of years: Egypt has the capability to become a major hub for IT (Information Technology) outsourcing in the Middle East. In a recent report, XMG, a global information and communications technology (ICT) research and advisory firm, said Egypt is becoming a key player in the global outsourcing industry, which “is expanding globally to reach $297 billion and expected to reach $450 billion by 2010.” In a statement to the press commenting on the report, Tarek Kamel, minister of communications and information technology, said, “Fostering Egypt's position on the global IT exports map and capitalizing on the local ICT sector to boost socio-economic development are two priorities of the Egyptian government.” --MORE
