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    PM Nazif to Inaugurate the Second Part of Smart Village- Phase III Next Month

    Cairo, 25 September 2009

    Prime Minister Dr. Ahmed Nazif is due to inaugurate next month the second part of Phase III of the Smart Village facilities.

    The second part of the phase includes the building of IBM, specialized in offering business process outsourcing (BPO) services in the field of accounting and finance. It also encompasses inside the financial district the buildings of Information Technology Industry Development Agency (ITIDA), that of Information Technology Institute (ITI), the new premises of Engineering Consultants Group (ECG) and the buildings of Piraeus and HSBC banks.

    The inauguration will be witnessed by Minister of Communications and Information Technology Dr. Tarek Kamel, Minister of State for Administrative Development Dr. Ahmed Darwish, Minister of Investment Dr. Mahmoud Mohie Eddin, Smart Village Company Chairman and CEO Dr. Ali El-Hefnawy and information and communication technology (ICT) leaders.

    In January 2009, Premier Nazif had inaugurated the first part of phase III which hosted several facilities of international and Egyptian ICT companies.

    Minister Kamel stated that by the new inauguration, the Smart Village now hosts about 38 buildings of local and international ICT companies as well as a number of financial institutions inside the financial district. The project has offered so far about 25.000 distinguished job opportunities.

    The total number of buildings in the Smart Village is expected to reach 72 ones. The project will facilitate around 40,000 job opportunities. About LE 6 billion of investments will be pumped into the Smart Village in the coming two years.

    Dr. Kamel pointed out that the new inaugurations came within the framework of finalizing the advanced infrastructure of the different phases of the Smart Village, the huge technology project whose foundation was laid by Premier Nazif.

    The project, Dr. Kamel added, was carried out by Egyptian expertise and companies specialized in the field.

    About Smart Village
    Egyptís Smart Village provides a high tech environment and world-class professional convenience for IT and Telecom companies. The 450 - acres project is an example of Egyptís high tech infrastructure, economic incentive packages and commitment to the future. The Smart Village also offers 24/7 broadband fiber optic connectivity and uninterrupted power supply within the most ideal office space for conducting business activities. 

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