Egypt’s Minister of Communications and Information Technology, Amr Talaat, has launched the Deloitte Innovation Hub with a $30 million investment over three years.
This is Deloitte’s first centre dedicated to exporting innovative digital services from Egypt. As a global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services, the company aims to expand its digital reach through the new hub.
The Innovation Hub will provide many services to clients across Europe and the region, including Artificial Intelligence and Data Analysis, Marketing & Commerce, Cloud, Cyber, and Enterprise Resource Planning.
The Hub’s expansion plans aim to reach a 5,000-person workforce in the coming years, diversifying Deloitte’s service offerings and amplifying its impact across diverse business verticals.
Per Hani Girgis, leader of the Deloitte Innovation Hub, the hub will develop local talent, impact Egyptian society, and deliver value to clients across Europe and the Middle East.
Talaat highlighted global confidence in Egypt as a prime destination for IT services and digital innovation, citing its skilled young talent in digital technologies that draw foreign investment.
He emphasised the government’s commitment to high-value job creation for youth, expanding digital exports, and building a knowledge-based economy, noting Egypt’s digital exports reached $6.2 billion in 2023.
In July 2024, the Minister announced that Egypt’s digital exports surged by 26%, reaching $6.2 billion in 2023, up from $4.9 billion in 2022. He emphasised government initiatives aimed at increasing ICT employment, promoting human development, establishing a knowledge-based economy and improving performance across several sectors.
He added that youth training will soon be expanded to support independent careers in outsourcing and freelancing, to reach 130,000 outsourcing professionals and $3.7 billion in digital exports by 2024, and 550,000 professionals and $9 billion in exports by 2026.
According to Ahmed El Zaher, CEO of ITIDA, Egypt’s ICT sector is expected to grow by 15.2% in FY 2022/2023 and contribute 5.1% of the country’s GDP, up from 4.4% in FY 2019/2020. The new hub will further strengthen the digital economy. He emphasised that it will foster innovation and advanced tech solutions to meet global market needs, further increasing IT service exports.
Recently, global tech companies have made significant moves in Egypt. In May 2024, Telecom Egypt and Huawei Cloud announced plans to launch Huawei’s first locally-based public cloud platform in Egypt and Northern Africa towards the country’s digital transformation strategy.
This partnership positions Egypt as a regional digital hub, fostering the development of cloud computing and digital services.
