Satyam in Egypt's Smart Village

Satyam, the giant Indian IT company, is starting a 300-seat center in Egypt's Smart Village. Not only is Satyam aiming at capitalizing on the availability of a pool of software engineering talent in Egypt, but it is also eyeing the growing Egyptian IT market. Read more in the Satyam Expands into Egypt article.

Egypt vs. India in IT Exports

According to Business Today Egypt, Egypt's IT sector was worth $70 million in 2002. Egypt IT exports amounted to $105 million in 2005 while those of India reached $12.2 billion in 2004.

Currently, Egypt's IT industry is valued at $250 million while that of India is valued at $30.4 billion. By 2010, Egypt aims to reach $1.2 billion in IT exports, while India aims to reach $96.9 billion by that time.

I hope these numbers act as a wake up call for Egyptians working in the IT industry and make them realise the potential ahead of us.