ITIDAInformation Technology Industry Development Agency (Giza, Egypt)
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This comes in line with a multi-dimension strategy administered by MCIT and ITIDA to foster ICT innovation, invest in start-ups, and capitalise on talent nationwide.
In addition to IBM, Procter & Gamble, HSBC, agreements were also signed between ITIDA and Nestle, Axxcelera, Mobinil Contact Services, Teleperformance and EMC[sup.
In recent years, Egypt has made commendable efforts in developing an SMB-comprised local ICT industry, and ITIDA has played no small part in the mushrooming growth of this remarkable business sector.
The MoU signed between ITIDA and HP was accompanied by news of a major new investment from Cisco.
ITIDA also arranges consultation for local firms to help them meet global quality standards, finances non-governmental organizations and has a fund to invest in start-ups.
Egypt is one of the world's fastest growing locations for global outsourcing and services, and has seen huge investments in the last year with companies such as EMC, Stream Global Services and Sykes Enterprise collaborating with ITIDA and outsourcing their business in Egypt.
Last year, ITIDA signed a number of Memorandum of Understandings and Letter of Intents with Indian bodies and companies including NASSCOM and three of India's top five IT/BPO companies to extend the collaboration between Egypt and India.
ITIDA has been asked to start a dialogue with all the parties concerned, to extend the needed technical support and to use the e-signature process to allow Egyptians to vote electronically for the first time using state of the art systems.
Hosting the session ITIDA chief executive Dr Hafez Abdelazim said that governments and public bodies in the GCC should be applauded for the pace with which they have embraced e-government over the past five years to make life easier for residents, citizens and businesses.
Investment opportunities in the food industry were widely discussed between Yasser El Qady, minister of technology and communication, and Egyptian food company ITIDA CEO, Asmaa Hosny, Delivery Hero CEO, and Peter Jan Vandet.
Asmaa Hosny, CEO of ITIDA, added: ITIDA has several initiatives to enable local talent with technologies that will help them serve Egypt, the region and the world.