The summit, held in Cairo on November 9-10 under the patronage of Prime Minister Dr. Moustafa Madbouly, was organised by the Ministry of Communications and Information Technology (MCIT) and the Information Technology Industry Development Agency (ITIDA). The event gathered global tech leaders, government officials, and innovators to discuss the future of digital services, artificial intelligence (AI), and the knowledge economy.
On the summit’s first day, Noventiq and ITIDA signed a
Memorandum of Understanding (MoU) to enhance strategic cooperation in digital
transformation, technological capacity building, and innovation support in
Egypt. The MoU aims to facilitate knowledge exchange and practical partnerships
to accelerate the adoption of AI applications, cloud solutions, and
cybersecurity measures, reinforcing Egypt’s position as a regional centre for
technology and digital services.
Addressing the future of outsourcing, Takle highlighted
Egypt's unique competitive advantages, which position it as a leading global
destination in the sector. He cited the country's strategic geographic
location, skilled young talent pool, strong government support, and advanced
digital infrastructure as key factors for its global leadership in the
outsourcing industry.
"Digital transformation is no longer an option; it is a
strategic necessity for any nation seeking to enhance its global
competitiveness," Takle said. "Egypt represents an inspiring model
for investing in youth and building an innovation-based ecosystem, making it a
key partner for us in building a smarter future."
During the summit, Noventiq also announced a new strategic
partnership and investment from Niobrara Capital, a move that reflects investor
confidence in Noventiq's growth strategy and its role in accelerating clients'
digital transformation journeys through advanced solutions in AI, cloud
computing, cybersecurity, and data management.
Takle added: "At Noventiq, we believe that
collaboration between nations, businesses, and technology is the real driver of
sustainable development. Our participation in this summit underscores our
commitment to building new bridges between markets and expanding opportunities
for the next generation of digital talent in Egypt and the region."
Engineer Mohamed Mostafa, President of Noventiq for Egypt and Saudi Arabia, commented: "Hosting this global event reflects the international community's trust in Egypt's technological capabilities. We are proud of CEO Takle's participation, which sends a clear message: Noventiq is expanding its investments in Egypt, supporting the government’s digital transformation strategy, and empowering youth with future skills. Egypt has exceptional potential to become a key player in the global digital economy, and we are excited to be part of this journey."