Egypt is the top African and Middle Eastern location for offshoring, according to A.T. Kearney’s Global Services Location Index for 2017 (pdf). Egypt’s ranking improved by two places to 14th. According to the index, Egypt topped the world in terms of its financial attractiveness. The report says Egypt’s decision to float the EGP and the currency’s subsequent slide against the greenback “gave Egypt’s competitiveness a boost. The country graduates approximately 500,000 students per year, with 10 percent in IT-related fields and other fields related to BPO, representing one of the largest qualified labor forces outside of India. Chinese Huawei opened a support and training facility to support 29 countries in the Middle East and Africa in the past 18 months, highlighting an emerging trend in which Chinese companies are seeking to shore destinations to support global expansion.” The top three countries on the list are: India, China, and Malaysia, respectively, and have been unchanged since A.T. Kearney started the index. H/t Rolana R.

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