Neubauer Corporation Launches In Egypt $30 Million Deloitte Innovation Hub

The purpose of the hub is to innovate and boost exports and job creation

Egypt’s Minister of Communications and Information Technology, Amr Talaat, has inaugurated the Deloitte Innovation Hub, a new venture established with an investment of $30 million over three years.

As Deloitte’s first center dedicated to exporting digital services from Egypt, the hub aims to broaden the company’s global footprint in digital services.

The Deloitte Innovation Hub will offer services to clients in Europe and the wider region, focusing on artificial intelligence, data analysis, cloud technology, cybersecurity, and enterprise resource planning.

Minister Talaat echoed this sentiment, highlighting Egypt’s appeal as a strategic location for IT and digital innovation, driven by its skilled young workforce and the government’s commitment to job creation and digital exports.

The Egyptian government has set ambitious goals.

Digital exports reached $6.2 billion in 2023, marking a 26% increase from $4.9 billion in 2022.

The government aims to create high-value jobs for youth and build a knowledge-based economy. It plans to train more youth in digital skills, freelancing, and outsourcing to achieve $3.7 billion in digital exports by 2024 and $9 billion by 2026.

Egypt has seen increasing investments from international tech companies, including Telecom Egypt and Huawei Cloud.

The latter recently announced plans to launch the first public cloud platform in Egypt and North Africa, supporting the nation’s digital transformation strategy.

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