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EgyptNetwork Joins the "Go to GCC" Program
EgyptNetwork Joins the "Go to GCC" Program
11/3/2009
Information Technology Industry Development Agency (ITIDA) held a workshop to announce the names of 81 selected companies for joining the “Go to GCC” program. Among them ,was EgyptNetwork
"Go to GCC" is part of the strategy of MCIT for raising the Egyptian exports of services and products to $1.1 bn by 2010.
The program goals represent positive steps taken by the Egyptian Government to generate partnership and investment opportunities in the GCC market.
ITIDA Deputy President Ms. Zeinab Zaki noted that "Go to GCC" lies within agency's programs for the IT industry development.
Such programs, she added, include training, plans for boosting companies' performance and others for opening new markets as well as supporting the companies to outreach different markets. Similar programs targeting other
markets will be announced, Ms. Zaki said.
Additionally, ITIDA offers Egyptian companies a variety of services through "Go to GCC Market", including: data on target markets, partnership opportunities and workshops in the target markets to facilitate possible cooperation.
Furthermore, ITIDA prepares Egyptian companies to present the best marketing proposals compared to their counterparts in the Gulf in addition to technical consultations for business development and finalization of deals.
The selection criteria of companies are based on the activities of each firm. To join the program, a company has to be at least 50% owned by Egyptians, located in Egypt and has a minimum of 80% Egyptian employees on the payroll. Also at least 10 employees have to be full-timers.
The selection criteria also depends on the company's performance, internationally acknowledged certificates, partnerships with multinational companies, export capabilities and revenues.
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