Tech Mahindra has signed a Memorandum of Understanding (MoU) with the Information Technology Industry Development Agency (ITIDA) to set up a global delivery center in Kariya. Tech Mahindra aims to hire more than 1,000 employees over the next three years to serve global and local customers from its newly opened center in Cairo, according to a press release.
Dr. Amr Talaat, Minister of Communications and Information Technology, approved the agreement signed with Tech Mahindra as part of several agreements with 29 multinational companies, creating over 34,000 export-oriented jobs through 35 global delivery centers with an export value of $1 billion annually. Dr. Amr Talaat said: “With its unique central location at the crossroads of 3 continents, Egypt provides a resilient, high-quality digital infrastructure and provides an appropriate legislative framework that keeps pace with global rapid growth. Our rich supply of technology talent is ready and willing at a competitive price, with a proven track record of providing business services for global firms in more than 100 countries in 20 different languages.”
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The new facility in Cairo will help Tech Mahindra’s clients in telecom, oil and gas, BFSI (banking, financial services and insurance), energy and utilities and public sector using artificial intelligence, big data and analytics, cloud and 5G technology.
Harshvendra Soin, Global People Director and Head of Marketing, Tech Mahindra said, “At Tech Mahindra, we are committed to diversifying our talent pool across delivery centers around the world over the next few years. We want to expand the talent base, improve agility to deliver solutions and be closer to customers. We also have various upskilling and reskilling initiatives for our associates, enabling them to advance career opportunities and enabling us to maintain the density of our talent pool.”
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Amr Mahfouz, CEO of ITIDA, said: “We are delighted to have reached an agreement with Tech Mahindra, helping ITIDA achieve its strategic goals of the ambitious Digital Egypt Strategy for the Offshore Industry (2022-2026) which aims to multiply revenues from exports from the offshoring sector while creating more domestic jobs for our skilled talent pool. ITIDA is working diligently to capitalize on the current geopolitical situation which has led to major challenges in key delivery locations, while also monitoring the global talent shortage. We are investing heavily in building the digital and soft skills of our large talent pool, with a strategic focus on developing the country’s capabilities in high-value services, including engineering, research and development (R&D), embedded software and electronic design.”