|Cairo, Egypt, June 14, 2011 - Under the patronage and presence of H.E. Dr. Magued Osman, Egypt's Minister of Communication and Information Technology, HP marked the official opening of its new premises in Smart Village, Egypt's prime Communication and Information Technology (CIT) Cluster and Business Park, today. The ceremony was attended by MCIT officials and HP regional and country executives. |
Hosted by the Information Technology Industry Development Agency (ITIDA), the event highlighted the stability of the Egyptian economy, development of Egypt's ICT sector that continues to attract international investment, and HP's strong commitment and contribution to the same by developing leading-edge technology, and partnering with local businesses and governments.
"The expansion of HP's operations in Egypt is a statement of a strengthening partnership and willingness of long-term investment in the future of Egypt's young population," said Magued Osman, Egypt's Minister of Communications and Information Technology. "We support the establishment of the Enterprise Services Global Delivery Center, a project which is in line with our outsourcing/off-shoring strategies. Young Egyptian professionals work in this industry have a proven track record of delivering to expectations, and more importantly, they are the true creators of value-add exported out of Egypt."
"We are glad to have HP join leading local and international technology firms at Smart Village. Development of such technology parks are successful models of fruitful partnerships that can be established between the public-private sectors for the growth of the country," said Yasser El-Kady, CEO, ITIDA. "They are designed to offer a hassle free business environment through which creativity, innovation and business development are enhanced."
"We are honoured to have such an auspicious opening to our Smart Village premises," said Eyad Shihabi, Managing Director and Enterprise Business Lead, HP Middle East. "HP has been active in Egypt since May 2000 and is the market leader for enterprise, small and medium business and consumer technology products. The investment into our new premises, increasing staff strength and growth is a testament to our commitment to the Egyptian people and the country."
The 5,500 square metres HP premises in Smart Village will be the tech giant's second major office in Cairo, with the first established in Nasr City which also serves as the country headquarters. At the new location, HP will accommodate the Enterprise Services Global Delivery Center and Go To Market teams.
HP's Best Shore Application Services will operate from the Global Delivery Center, providing a complete range of Application services including Application Development and Application Management, with an expert workforce of multilingual skilled professionals to bring the scale and experience needed to manage outsourcing engagements for global clients.
"In Egypt, we're not just focused on commercial progress but also social investment, given the large, young Egyptian population who are well-positioned to take on a greater role in the ICT sector," added Hussein Hamza, Managing Director and Enterprise Business lead, HP Egypt. "We're laying particular emphasis in two areas: Innovation in Education and Entrepreneurship Education. At HP, we believe innovation in education is vital to developing the next generation of high-tech innovators and entrepreneurs."
HP Egypt continues to launch cutting edge products and solutions to enable Egyptian organisations to become Instant-On Enterprises, an enterprise that embeds technology in every part of the business to achieve differentiated competitive or service advantages. It is also leading the way in helping enterprises navigate and leverage the paradigm shift to cloud-based services, blending the hardware, software, consulting, and managed services expertise to make cloud a viable option for company needs.
Egypt recently strengthened its position by ranking fourth in the 2011 Global Services Location Index (GSLI) by AT Kearney that measures the attractiveness of offshore locations in 50 countries against 39 measures across three major categories: financial attractiveness, people skills and availability, and business environment.
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