COUNTRY FOCUS
record a growth rate , coming largely from IT services and software packages that will see a compound annual growth rate of about 9 % by 2019 .
Asmaa Hosni , CEO , ITIDA , said : “ We commend the efforts of our people in signing a new strategic partnership agreement with the Al Quiyadia Saudi Group of companies . It is a step towards strengthening the presence of one of the leading Egyptian companies within the GCC market to provide better services to its clients through a qualified team of professionals and per the highest international standards and professional training programs . The move is in line with ITIDA ’ s commitment to implement a blend of specialised programs and initiatives geared to meet the industry ’ s needs for a high-skilled workforce .”
“ The strategic partnership and other accomplishments are part of ITIDA ’ s objectives and strategy to create opportunities for collaboration , increase the export of Egyptian IT products and services , promote investment , and open up new markets . This will be achieved by working with local companies to sponsor their participation in international exhibitions and conferences so that they can gain maximum benefit from ITrelated events ,” added Hosni .
Mohammed bin Hamad Al Ajami , CEO , Al Quiyadia Saudi Group of companies , said : “ We have signed the agreement with the Egyptian party because of our trust in their technical capability and qualified professionals . We aim to optimally benefit from their very promising technology solutions . We strongly believe that our partnership will support the industries and the economies of both countries and further integrate the IT sectors of Egypt and Arab countries . We , at Al Quiyadia are very keen to invest in training labs , innovative ideas , and start-ups in Egypt ’ s new technology parks and take advantage of the creative products and solutions offered by companies there to achieve our goals .”
Egyptian start-ups , on the other hand , attracted large numbers of visitors , drawing the interest of 130 elite investors as well as regional and international businesspersons to discuss strategic partnerships and contract opportunities . The outcome was the signing of a number of acquisition agreements and capital raising leads with the eight Egyptian companies participating under the umbrella of ITIDA .
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