Egypt begins work on smart village project

After three years’ of uncertainty, construction of Egypt’s Smart Village Pyramids project is now firmly underway, the country’s first dedicated IT business centre.

  • E-Mail
By  Eudore Chand Published  December 11, 2003

After three years’ of uncertainty, construction of Egypt’s Smart Village Pyramids project is now firmly underway. The Smart Village will be the country’s first dedicated IT business centre, and is a key part of the countries plans to develop the local IT industry and attract foreign investment to a fast-growing sector. Egypt has lost out to Dubai for playing host to high-tech multinationals in recent years as Dubai was quick to develop Internet City to capitalise on the high-tech boom and dotcom bubble. The Smart Village is located just west of Cairo and although by no means complete, has already begun to attract a range of companies with its competitive prices and generous tax breaks. “Besides the modern, newly upgraded infrastructure, excellent geographic location, strong government commitment, an emerging market and a conducive investment environment, I would like to lay emphasis on our prominent and most valuable asset: people a large pool of talented, multilingual and experienced workforce with a distinguished skill set,” Egyptian President, Hosni Mubarak says. The project is expected to be complete in a year’s time.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code