If You Want To Outsource, Go To Egypt…. Because India Is So Two Years Ago

There’s a very interesting press release that I just noticed today. Apparently the country of Egypt is trying to position itself as a hot destination for outsourcing. Why is that? There’s a bunch of reasons:

“With some unique advantages such as a multilingual workforce (fluent in English, French, German, Spanish, Portuguese, and Dutch); lower labor costs than in surrounding low-cost regions; time zone proximity with the West; and relative familiarity with Western culture over traditional outsourcing destinations like India and China, Egypt’s IT sector is forecasted to grow from $889 million in 2006 to $1.3 billion in 2011.”

Oh… There’s more:

“The Egyptian government offers tax breaks and other financial incentives to attract international companies to set up call/service center and business process outsourcing (BPO) operations in Egypt. It also supports the training of staff to handle multinational clients and maintain global standardized work ethics.”

Tax breaks and financial incentives are always a good thing. Given the current economic situation in America, I think you’ll see a few companies take advantage of those.

That’s got to suck for India.

The only question I have, will the quality of the staff be as good (or bad depending on your perspective) as India, or better?

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