CAIRO – 24 August 2021: Information Technology Industry Development Agency (ITIDA) and Majid Al Futtaim (MAF) Global Solutions signed a cooperation agreement to establish a Shared Services center in Egypt. The Group undertakes to establish its operations in Egypt with the main objective of providing shared services operations including accounting, HR, procurement, and IT Services operating in but not limited to the Middle East, Africa, and Asia from its center in Egypt. Talaat added that Egypt remains one of the most favorable destinations for multinationals willing to establish service centers for global operations. According to the agreement, MAF undertakes will employ a minimum of 600 additional new Egyptian employees over the course of the agreement, directed primarily to export activities. ITIDA is working to develop and boost Egyptian IT and IT-enabled services exports to various global markets, which contributes to creating more job opportunities for the Egyptian youth.
