Offshoring in Egypt

As of recently, Egypt has been appointed "Offshoring Destination of the Year" by the European Outsourcing Association (EOA) (2010).  It was ranked 7th out of the Top 50 emerging outsourcing cities in 2008 (currently ranked 12th).  A report by the Yankee Group mentions that Egypt is "by far the Middle Eastern country currently best positioned to take advantage of the boom in outsourcing."  Martyn Hart, a chairman of the EOA said that Egypt "stood out for its multilingual capabilities" and "has proven itself a strong player for European outsourcers and a gateway to the Middle East and Africa."  Egypt is quite strong in their outsourcing skills and have grown to be very powerful in their economy by doing business all over the world, associated with multiple countries in Europe, Asia, as well as with USA.

Egypt has been recognized for having the best average wages with low costs.  The diversity in population as well as language is ideal for many European countries.  Speaking Spanish, German, French, English, etc. enhances communication skills between countries and makes exportation and importation much easier and accessible between Europe and Egypt.  Location wise, Egypt is nested between Europe and Asia, which is their ticket to over 20 countries who they can potentially do business with them.  Because of they are on GMT, they are able to attend to all business in Europe, Asia, and the US.  Major companies have invested in Egypt including Microsoft, IBM, Satyam, Wipro, and Vodafone.

Many of the businesses that offshore in Egypt continue to offshore regardless of the chaos occurring in Egypt currently.  Vodafone is one company that is still committed to offshore to Egypt.  Kelly Moore, director of service says "Disruptions can occur anytime caused by any event. Location is not factor."  Although many staff members have had to return to New Zealand after attacks in Cairo, Moore still insists on offshoring in Egypt.  This proves that Egypt is a rising nation that has enough power to keep having countries offshore their employees and keep doing business with them.  

Businesses don't want to give up on offshore outsourcing in Egypt they are well known for their involvement in IT work with businesses mentioned earlier.  With it's incredible rank, they can do wonders for the economy of many countries including the USA.  

Works Cited:

• Chris, Keall. "Vodafone NZ Committed to Offshoring despite Egypt Chaos | The National Business Review." The National Business Review. N.p., 1 Feb. 2011. Web. 27 Mar. 2014.
• "Egypt." Sourceline. N.p., n.d. Web. 27 Mar. 2014.
• Sutton, Mark. "Egypt Appointed Offshoring Destination of the Year." ITP.net. N.p., 12 July 2010. Web. 27 Mar. 2014.
• Ted, Samson. "Egypt Ranked among Top Global Offshoring Destinations." InfoWorld. N.p., 2 Feb. 2011. Web. 27 Mar. 2014.