History: Egypt

Egypt's most prominent multinational companies are the Orascom Group and Raya Contact Center. The IT sector has expanded rapidly in the past few years, with many start-ups selling outsourcing services to North America and Europe, operating with companies such as Microsoft, Oracle and other major corporations, as well as many small and medium enterprises. Some of these companies are the Xceed Contact Center, Raya, E Group Connections and C3. The sector has been stimulated by new Egyptian entrepreneurs with Government encouragement.
An estimated 2.7 million Egyptians abroad contribute actively to the development of their country through remittances (US$ 7.8 billion in 2009), as well as circulation of human and social capital and investment.