IBM Corporation has opened i ts first regional Global Service Delivery Centre in Egypt, with the state-of-the-art centre expected to employ at least 100 people initially, and eventually house up to 1,000 people in the coming years, the firm said.
The centre will provide business consulting and software-related services to clients in the Middle East and North Africa, among others.
IBM’s Chief Executive Officer and President Samuel J. Palmisano was in Egypt recently, during which he met with the country’s top officials to discuss his company’s role in creating new initiatives that focus on scientific research and Egypt’s economy.
He met with Egyptian President Hosni Mubarak and Prime Minister Ahmed Nazif.
Egypt is carving a niche for itself in the global technology market as a place for low-costs operations, which international companies, notably Microsoft and now IBM, are taking advantage of.
“Egypt faces a major opportunity; the seat of one of the world’s oldest civilisations is now an emerging player onto the world stage of a new, globalised economy. I am impressed and optimistic about its future because of the way it is nurturing its talent, its human resources and its technical potential,” Palmisano said in a statement.