Global Institutions Mull to Pump Investments in Cairo Contact Centers Maadi Park

 A number of International financial institutions (IFIs) are considering pumping investments in Cairo Contact Centers Maadi Park within 2014.

Eng. Yasser ElKady, CEO of Information Technology Industry Agency (ITIDA) and the director of Maadi Park have revealed that many institutions are currently considering pumping investments in Maadi Park and in order to support outsourcing and call center services generally in Egypt.

Elkady has informed Amwal Al Ghad that the international parties paid visit to Maadi Park, pointing out that these parties are mainly focusing on the industries which serve the economy in general.

Elkady explained that the volume of exports from information technology (IT) and out sourcing within the coming five years will reach $8 billion, noting that it attained $1.54 billion during the current year and it is expected to up $2 billion by 2014.

He added that Egypt is still ranking first as the most operator in outsourcing and call center services, specially Egypt maintained its  growth rates despite the current political and economic turmoil , expecting that the situation will be stabled after the Egyptian constitution and the Presidential elections.

The investment plan of Maadi park is focusing to provide $1.2 billion annually and around EGP1 billion indirect liquidity of the state’ s treasury including the salaries of employees and taxes on the firms operating in the region by 2017on an area of 75 feddan.

It is expected to accommodate 40 K seats by 57 K direct job opportunities through the 38 buildings, and provide 100 K indirect jobs.