Presidential Spokesman Ambassador Mohamed El-Shenawy said Sisi thanked the executives for their confidence, demonstrated by the signing of 55 agreements the previous day, aimed at creating 75,000 new jobs over the next three years.
El Sisi stressed that hosting the summit confirms international
confidence in Egypt's capabilities, reinforcing its position as an attractive global
outsourcing destination with competitive advantages.
He highlighted Egypt’s national digital strategy to
transform ICT into a productive sector that drives job creation, increased
exports, and economic growth.
The President underscored the importance of trained Egyptian
talent—the industry's core—noting state efforts to expand this pool through
cooperation with international universities and integration of digital education.
Company representatives expressed plans to expand
investments in Egypt, praising the business climate and government support.
El Sisi reaffirmed the state’s full support for foreign
investors and its readiness to remove any obstacles. He stressed that Egypt's stability,
despite regional challenges, is a key investment driver, underpinned by the
Egyptian people’s determination.
ICT Minister Engineer Amr Talaat called the sector Egypt's fourth
strategic pillar of economic growth. He noted the national strategy aims to quadruple
employees and digital exports in outsourcing.
The number of trainees has increased from 4,000 eight years
ago to 800,000 annually. The ICT sector's annual growth rate is 14% to 16%. Its
GDP contribution is set to rise from 3.2% in 2018 to a targeted 6% in 2025. The
state provides incentives, including training support, hiring, and export
reimbursement, to encourage global companies to expand.
The spokesman concluded that Presient Sisi reaffirmed Egypt's openness to work and innovation, reiterating the state's determination to overcome all barriers for foreign investors.