Satyam's Global Solutions Center in Egypt LaunchedAssociated PressCAIRO – Satyam, a leading global business and information technology services company, announced the recent inauguration of its Global Solutions Center (GSC) in Egypt by Dr. Tarek Kamel, Egyptian minister of Communications and Information Technology, in a press conference held at a convention center in Smart Village. Located in Smart Village, Giza, the GSC is a joint undertaking by the government of Egypt and Satyam Computer Services Ltd. and will train and deploy about 300 personnel to serve as a major technological development and software support group for Satyam's customers in the Middle East. The rising IT spend in Egypt, which according to IDC has been projected to grow by 12.4 percent over the next five years and reach $120 million by 2010, has amplified its repute as the next important IT hub in the Middle East and African region. Recognizing the tremendous opportunity amid the country's growing IT services market, Satyam has identified Egypt as the perfect location for its first GSC in the Middle East and African sub-continent, which will serve to support the Egyptian Government's aims to develop local talent by creating more jobs. The GSC is a state-of-the art center spanning 2,100 sq. meters and its facilities include 2 training labs, video conferencing, high-speed networks and 24/7 connectivity to all other global locations. As the cornerstone of Satyam's strategy in the region, the 300-seater GSC will mainly house locals and is going to be headed by Mohamed I. Embaby, an Egyptian national. The GSC will serve as a near-shore to the Middle East and North Africa markets and also cater to the BPO, KPO and ITeS needs of European markets due to the availability of European language skills in Egypt. Speaking at the inauguration, Kamel said “we have come to an era where information technology is the fuel that drives the development of the most important industries within the global economy. Our efforts to bridge the gap in the IT competency of our citizens is only the first phase of our action plan to develop the IT potential of Egypt, which we expect to benefit all government and private sectors. The presence of the Global Solutions Center in Smart Village is an enormous step towards achieving our ambitious goals for the local IT sector, and we are looking forward to having more projects of this kind in the future.” As a part of the company's globalization spree, this GSC is Satyam's 28th globally. “Our investments in the Middle East and North African markets are in line with our larger globalization strategy,” said B. Rama Raju, co
