The government of Egypt is eager to establish technology parks across the nation to provide a supportive environment for the development of the national ICT industry, and boost Egyptís reputation as a provider of world-class ICT and outsourcing services.
Technology parks promote national growth in ICT-related fields while providing a number of benefits to member companies and organizations. These benefits include access to shared resources, such as uninterruptible power supply, high-speed telecommunications connections, security, management offices, convention facilities, parking, retail outlets, and entertainment and sports facilities. In addition to reducing overheads for hosted companies, these parks foster links between industry and academia and provide an ideal environment for incubation centers.
Technology parks are effective instruments in the transfer of technology, the creation and attraction of companies with high added value, and the encouragement of innovation with the intent of creating high technology economic development and advancing knowledge.