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    PM Nazif Inaugurates the Second Part of Smart Village- Phase III

    Cairo, 14 January 2010

    Prime Minister Dr. Ahmed Nazif inaugurated today the second part of Phase III of the Smart Village facilities.

    The phase encompasses the buildings of the new IBM Business Process Delivery Center, Information Technology Industry Development Agency (ITIDA), Information Technology Institute (ITI), Engineering Consultants Group (ECG) and Piraeus and HSBC banks.

    The headquarters of the Smart Village Company, which hosts several local and international information and communication technology (ICT) companies, is part of this phase as well.

    The inaugural ceremony was 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, Minister of Social Solidarity Dr. Ali Al-Moselhi, Minister of Transport Eng. Alaa Fahmy, Minister of Education Dr. Ahmed Zaki Badr and a number of ICT sector leaders.

    Dr. Nazif began his inaugural tour by commencing the premises of ITIDA. ITIDA CEO Dr. Hazem Abdelazim received the premier and his accompanying ministerial delegation.  

    After that PM Nazif inaugurated and inspected the new building of ITI where he was received by ITI Chairman Dr. Mohamed Salem.

    Afterwards, Dr. Nazif toured the IBM new Business Process Delivery Center where IBM Egypt General Manager Eng. Amr Ghoneim gave in his presence a comprehensive presentation of all the financial and accounting activities carried out by the center for clients overseas.

    Equipped with state-of-the-art technologies and devices, it was the first IBM center in the Smart Village.

    A number of qualified EDUEgypt program graduates have been hired at the IBM center, which also offers a variety of services like business process outsourcing (BPO) back-office, transaction processing operations, technical support and call center operations. 

    EDUEgypt is an output of a cooperation protocol signed between Ministry of Communications and Information Technology (MCIT) and Ministry of Higher Education and Scientific Research in December 2007.

    EDUEgypt aims at meeting the needs of the ICT employment market through a skill development program targeting Egyptian university students and graduates.

    The program was offered this year to 10,000 students at 35 faculties in 10 universities, focusing on the outsourcing industry.

    Separately, Dr. Nazif inaugurated ECG headquarters where he was welcomed by ECG Chairman Eng. Amr Allouba.

    In another development, Premier Nazif witnessed a detailed presentation of the different phases of the Smart Village since it kicked off till now. The presentation was given by the Smart Village Company Managing Director Eng. Amr Abu Alam.

    Dr. Nazif concluded the inaugural tour by commencing the new branch of Piraeus Bank in the Financial District. PM Nazif was received by Michalis Sallas, the Chairman of the Board of Directors and Chairman of the Group Executive Board (CEO) of Piraeus Bank Group.

    A total of 43 buildings of local and international companies specialized in ICT and financial services have been operating so far in the Smart Village. Such companies facilitated about 30,000 distinguished job opportunities for Egyptian calibers. Currently 30 new buildings with investments amounting to LE 6bn over the coming two years are underway, offering another 30,000 jobs.

    The Smart Village Financial District comprises a number of premises like those of the National Bank of Egypt, Commercial International Bank (CIB) and Delta Rasmala.

    By the end of next year, the Financial District is expected to host the new buildings of HSBC Bank, Arab Bank, National Investment Bank, Bank of Alexandria Ė Sanpaolo, the Egyptian Stock Exchange, Beltone Financial, EFG Hermes, Financial Control Agency and a number of securities companies.

    Dr. Kamel stated that the new inaugurations came as part of the process of finalizing the advanced infrastructure of the different phases of the Smart Village, the huge technology project whose foundation stone was first laid by Dr. Nazif.

    The project, Dr. Kamel added, has been designed, implemented and managed by Egyptian expertise and companies specialized in the field.

    Meanwhile, Dr. Nazif held a meeting with ICT leaders and senior staff and board members of the Smart Village Company following the inaugurations.

    In January 2009, Premier Nazif had inaugurated the first part of phase III that includes numerous facilities of international and Egyptian ICT companies and banks.

    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. 

    About ITIDA
    Located in the heart of modern business environment at the Smart Village, The Information Technology Industry Development Agency (ITIDA) is a governmental entity spearheading the development of the Egyptian IT sector and increasing its global competitiveness. ITIDA, an affiliate of the Ministry of Communications and Information Technology (MCIT), is tasked with the focal role in the developing the IT industry through identifying the needs of the local industry and addressing them with tailored programs. The agency is considered to be a one-stop-shop for foreign investors and a strategic advisor to Multi-National Companies (MNCs) investing in the Egyptian IT sector.  It further plays a leading role in enhancing the Egyptian cyber security and data protection framework towards a more secure e-Business and Business Process Outsourcing (BPO) services positioning.

    About ITI
    The Information Technology Institute (ITI) was founded in 1992 by the Government of Egyptís Information and Decision Support Center (IDSC) to assist in paving the way for the evolution of a knowledge-based society by developing a new generation of professionals. Due to its pivotal role in the development of the ICT field, Prime Minister Dr. Ahmed Nazif transferred the affiliation of ITI to MCIT in April 2005. Every year, ITI accepts a limited number of graduates of any discipline for its training program, which offers 14 different specializations. The programís success has resulted in some 5,000 graduates a year applying for places.

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