Amr Talaat, Egypt’s Minister of Communications and Information Technology, inaugurated the Deloitte Innovation Hub in Cairo, a specialized center aimed at providing innovative technology services. Launched with a $30 million investment over three years, this hub marks Deloitte’s first global center for exporting digital services from Egypt, despite the company’s long-standing presence in the country as a consultancy and accounting firm.
The inauguration ceremony was attended by several notable figures, including Ahmed El Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), Richard Houston, CEO of Deloitte North and South Europe, Moataz Al-Dajani, CEO of Deloitte Middle East, and Hany Girgis, the partner responsible for the Cairo Innovation Hub.
Founded over 175 years ago, Deloitte offers a wide range of services, including auditing and assurance, tax and legal advisory, general consulting, financial advisory, and risk consulting. The firm serves approximately 90% of the companies listed in the Fortune Global 500, along with thousands of private companies globally.
The Deloitte Innovation Hub in Cairo is part of a network of major global centers and serves as a leading facility for providing cross-border technology solutions. Since its inception in Egypt, the hub has focused on export-oriented operations, employing 350 highly skilled Egyptian professionals, from recent graduates to seasoned experts. Deloitte aims to increase this workforce to 5,000 specialists in the coming years, underscoring its commitment to nurturing local talent.
Minister Talaat remarked that the inauguration of the hub reflects the confidence global companies have in Egypt as a favorable investment destination for IT services and digital innovation. He emphasized the government’s commitment to enhancing innovative capabilities within Egyptian society, recognizing digital creativity as a vital driver of economic growth.
He highlighted that Egypt boasts a large pool of young, skilled professionals across various modern digital technologies, making it an attractive location for foreign investment. The government is keen on encouraging international companies to establish outsourcing centers in Egypt, thereby creating high-value jobs for youth, boosting digital exports, and supporting efforts to build a knowledge-based economy.
Talaat noted that Egypt’s digital exports continue to rise, reaching approximately $6.2 billion in 2023.
Ahmed El Zaher, CEO of ITIDA, commended the establishment of the Deloitte Innovation Hub, asserting that it will create new, distinguished job opportunities for Egyptian youth, enhance the digital economy, and solidify Egypt’s position in the global outsourcing market. He added that the hub will foster an environment conducive to innovation, developing modern, specialized, and valuable tech solutions to meet global market demands, ultimately increasing Egypt’s IT service exports.
Hany Girgis, the partner overseeing the Cairo Innovation Hub, stated that Deloitte’s investment reflects its commitment to the Egyptian market and confidence in the country’s ability to produce talent capable of delivering professional services that meet the highest global standards. He noted that the hub will focus on developing Egyptian talent and enhancing their exposure to global markets, thereby amplifying Deloitte’s positive impact in Egypt and delivering added value to clients across Europe and the Middle East.
The center plans to continue its growth by expanding the range of services offered to meet the diverse needs of clients from Europe and the Middle East. Services will include artificial intelligence, data analytics, marketing and commerce, cloud services, cybersecurity, and enterprise resource planning. This expansion will further strengthen the hub’s positive influence on the Egyptian market, benefiting a broad array of sectors and businesses.
Deloitte’s investment in establishing the Cairo Innovation Hub aims to maximize the potential of emerging talent in fields such as emerging technologies, computer science and engineering, business and information systems, data engineering, and more.
