ÚÑÈí 17 May 2012


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  • Investor's Gateway
  • Investor's Guide
  • Investor's Guide

    1. Investment Opportunities
    1. Incentive Packages
    1. Investor's Guide
    - Egypt – A Safe Haven in the Center of the World
    - The Business Environment
    - A high Tech Working Environment – The Smart Village
    - Powerful Telecommunications Infrastructure > National Backbone Network
    - Multinational ICT Success Stories in Egypt
    - Government Incentive Packages

    Egypt – A Safe Haven in the Center of the World

    "At more than 45 percent annual growth in sales, the Middle East and Africa is clearly our fastest growing area." Jean-Philippe Courtois, Microsoft CEO for Europe, Middle East and Africa.

    "Egypt is vital to our Middle East and African business, and with a strong base in this dynamic marketplace, we see great e-business potential.” Stanley Krasnow, IBM Software Group, Vice President for Sales Operation.

    Egypt has all the resources necessary for becoming a hub in the ICT industry in the Middle East and North Africa (MENA). With its ideal geography and infrastructure, Egypt could well become the ICT leader of the region in the near future.

    Egypt's central location in the north east corner of Africa, between the continents of the world is an amazing asset for any investor who wishes to tap this region. As a political leader in the MENA region, Egypt provides excellent access to markets in the area, and acts as a bridge between East and West, North and South. Egypt is the perfect location for placing a regional office that covers the entire area, and the time zone allows two operation shifts for call centers (Europe and USA).

    In a turbulent world, Egypt enjoys a great deal of political stability and peace. In addition, Egypt has an indisputable competitive edge on an international level, with good trade relations with all its neighbors in the region and the rest of the world. Businesses can thrive and expand in the stable Egyptian political atmosphere, without any unnecessary risk to investments.
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    The Business Environment

    "I am very delighted that I am here today to announce the inauguration of Oracle's Global Support Center in Egypt. The center is one of the main global centers that serve over 250,000 customers worldwide. Egypt was chosen for this project because of the huge improvement in the telecom infrastructure, the availability of technical engineering talents and calibers, and the flexible labor laws in the country." Tarek El-Saadany, Advisor to the Minister for Technology Policies.
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    A high Tech Working Environment – The Smart Village

    "We are impressed with the quality of the software engineers available, as well as the availability of state-of-the-art infrastructure in the Smart Village. These factors have been key in our decision to increase our investment in Egypt."
    Sergio Giacoletto, Oracle Executive Vice President Europe and MENA
    On the outskirts of Cairo, close to the Pyramids, lies Egypt's first high-tech park, the Smart Village. With an area of 450 acres, the Smart Village is a large, high-technology zone that aims to be the all-round business district of the region. Several multinational giants have already set up in the Smart Village, and many more are soon to follow. The companies that have already moved to the Smart Village include prominent names such as Microsoft, Alcatel and Vodafone. In addition, a large call center, Xceed, which has a capacity of 2000 agents, has already started its services in the Smart Village.

    The Smart Village's amenities include an enormous, modern conference center, public library, exhibition Center, hotel, health center, day care center, and an emergency services center.

    Cairo’s Smart Village is only the first of several high-tech parks that will be located in cities all over Egypt. The Smart Villages are part of an initiative to create technology districts all over Egypt.

    Smart Village Financial District
    The aim of the Smart Village is to create an all-encompassing hub of commerce in the region. For this reason the Smart Village also includes an entire financial district dedicated primarily to financial institutions, banks, and stockbrokers. Some of these financial institutions include the following:
      - Cairo Alexandria Stock Exchange (CASE)
      - Capital Market Authority
      - Egypt for Information Dissemination (EGID)
      - Misr for Clearing, Settlement & Depository
    In the near future the Smart Village financial district will include an even larger number of financial institutions.

    Smart Village ICT Infrastructure
    The main ICT infrastructure of the Smart Village consists of the following:
      - High-speed network for data, voice, and video transmission.
      - VPN connection, VoIP capabilities and data center.
      - Cable TV and video conferencing systems.
      - State-of-the-art power network that meets international standards and codes
        of practice.
      - Uninterrupted power supply and standby generators.
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    Powerful Telecommunications Infrastructure > National Backbone Network

    International Telecommunications Hub
    The Egyptian telecommunications infrastructure is engineered to provide substantial services and to absorb the rapidly growing ICT industry. With its current infrastructure, and the large number of international and regional fiber optic cables that pass through Egypt, the country has international and national links and reliable connectivity to the rest of the world. In this way, Egypt has excellent components for an emerging call-center hub. The following are the regional and international telecommunications links between Egypt and the rest of the world.
      - SEA-ME-WE. This is the first submarine cable to pass between South East
        Asia, the Middle East and Western Europe.
      - SEA-ME-WE-II. This is a second cable along the same route as the first, but
        serves more countries and uses digital fiber optic technology.
      - SEA-ME-WE-III. This is a third cable using the same routing with extended
        coverage from Europe to Japan, Australia, and elsewhere in East Asia.
      - The FLAG Project (Fiber Optic Link around the Globe). Egypt is a part of this
        worldwide project.
      - A submarine cable shared with Italy and Greece.
      - A submarine fiber optic cable shared with Sudan.
        Regional microwave links to Libya and Jordan.
      - Telecom Egypt (TE) satellite earth station with multiple connections to Intelsat, Inmarsat,  and Arabsat.
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    Multinational ICT Success Stories in Egypt

    Realizing the immense potential in the Egyptian ICT industry and the multitude of advantages Egypt enjoys, several ICT multinationals run their regional operations from Egypt. Industry giants such as Microsoft, Hewlett-Packard, and Alcatel are among the numerous multinational success stories in Egypt.
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    Government Incentive Packages

    As an indication of support for potential investors, the Egyptian government offers a generous incentives package to each investor. The government works in partnership with each investor to customize an incentives package to cater to the investor's needs. Examples of these incentives include the following:
      - The Egyptian government offers special tax exemptions and reductions for ICT
        industries.
      - There are special reductions on land prices for investors in the ICT sector.
      - Easing of export and import regulations.
      - The Egyptian government offers training programs for professionals in the ICT
        industry that investors intend to recruit. The government offers training in IT,
        communications and networks according to investors' standards and
        specifications. These training programs are often offered at the government's
        expense.
      - The Egyptian government assigns a government official to facilitate interaction
        with government organizations.
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