{"id":658456,"date":"2025-01-12T00:00:00","date_gmt":"2025-01-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/spanish-konecta-announces-usd-100-mn-egypt-expansion-plans\/"},"modified":"2025-01-12T00:00:00","modified_gmt":"2025-01-12T00:00:00","slug":"spanish-konecta-announces-usd-100-mn-egypt-expansion-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/spanish-konecta-announces-usd-100-mn-egypt-expansion-plans\/","title":{"rendered":"Spanish Konecta announces USD 100 mn Egypt expansion plans"},"content":{"rendered":"

The country\u2019s efforts to increase its digital outsourcing exports have received a welcome<\/strong> boost courtesy of Madrid-based business process <\/strong>outsourcing (BPO) firm <\/strong>Konecta<\/a><\/strong>, which will kick off operations in Egypt, set up a regional HQ in the country, and invest USD 100 mn in the country over the coming three years under an MoU inked with the Information Technology Industry Development Agency (ITIDA), according to a cabinet statement<\/a>. <\/p>\n

Konecta will set up an Egyptian arm dubbed Konecta Egypt for Customer Service<\/strong> to provide outsourcing services to markets in the MIddle East, Africa, Europe, and the Americas with its headquarters being set up in New Cairo. The company is expected to provide some 3k jobs and offer a wide range of technical services that include AI solutions, digital transformation, IoT, data analytics, and multilingual customer support. <\/p>\n

The firm also plans to set up its first global center of excellence for generative AI in<\/strong> Egypt<\/strong>, through which it plans to \u201ctransfer knowledge and expertise to Egyptian talent in areas including conversational AI, data analytics, and other emerging technologies,\u201d according to the statement.<\/p>\n

Remember, the government <\/strong>wants to see<\/a><\/strong> digital exports bring in USD 9 bn into the<\/strong> economy annually as of 2026<\/strong> and then up to<\/a> USD 13 bn by 2030. We\u2019re yet to hear the most recent figures for 2024, but Egypt\u2019s digital exports brought in USD 6.2 bn in 2023<\/a>, up 26.5% y-o-y from 2022. The figure includes outsourcing exports \u2014 think call centers and human resource centers \u2014 which accounted for over half of the digital exports in 2023, standing at USD 3.7 bn, up 54% y-o-y.<\/p>\n","protected":false},"excerpt":{"rendered":"

Konecta will set up a regional HQ in New Cairo<\/p>\n","protected":false},"author":1,"featured_media":658457,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[155,72,125,1635,2053],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-658456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-digitization","tag-enterpriseam","tag-investment-watch","tag-itida","tag-outsourcing","wpautop","entry"],"acf":{"mongo_id":"7b1e126b-ad14-46f2-af12-b721a56f9f3e","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/536.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Spanish Konecta announces USD 100 mn Egypt expansion plans","related_issue":[658439],"teaser":"Konecta will set up a regional HQ in New Cairo","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.145c05cc-2338-4720-9d0f-b6a0b206e1ba.mp3"},"yoast_head":"\nSpanish Konecta announces USD 100 mn Egypt expansion plans - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/spanish-konecta-announces-usd-100-mn-egypt-expansion-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spanish Konecta announces USD 100 mn Egypt expansion plans\" \/>\n<meta property=\"og:description\" content=\"Konecta will set up a regional HQ in New Cairo\" \/>\n<meta property=\"og:url\" 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The agreements will see eight companies opening up offices in Egypt, while 21 firms\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654095,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/deloitte-launches-cairo-innovation-hub-with-three-year-usd-30-mn-investment-to-boost-service-exports\/","url_meta":{"origin":658456,"position":5},"title":"Deloitte launches Cairo innovation hub with three-year, USD 30 mn investment to boost service exports","author":"enterpriseam admin","date":"28 October 2024","format":false,"excerpt":"Deloitte wants to hire 5k of the country\u2019s \u201ctop-tier talent\u201d","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=658456"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658456\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/658439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/658457"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=658456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=658456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=658456"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=658456"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=658456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}