Egypt gets recognition for growing outsourcing sector by IAOP

Egypt is “an ideal” outsourcing location due to its young population, large industry sector, and growing services sector, the International Association of Outsourcing Professionals (IAOP) says. The country is also improving its infrastructure through technology and business parks, and the reform program is helping to “unleash the economy’s potential,” the report notes. The report notes Egypt’s young and educated population as one of the key reasons why outsourcing is growing in the country. However, “Egypt also has a lot of catching up to do with respect to developing human capital, adoption of new age technologies and improving ease of doing business in order to compete with other prime outsourcing destinations,” the report notes.