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Thndr Claps » EGY Claps » Economy 🏙 » Multinational companies turn to Egypt for their HQs🏢

Multinational companies turn to Egypt for their HQs🏢

by Shams Abbas
December 5, 2022

The Clap
Some 29 multinational companies are setting up headquarters in Egypt as part of an agreement with the Egyptian government.

What
Some of the big-name companies on the list include Amazon, Microsoft, & IBM Egypt.

So what
This agreement is expected to add $1 billion to Egypt’s annual digital exports by 2025, as well as add some 34k skilled jobs.

Now what
The Ministry of Communications & Information Technology is looking to increase its efforts in attracting investments to increase Egypt’s contribution to the global digital economy.

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