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Silicon Waha achieves 30% revenue growth for 3rd consecutive year - Daily News Egypt

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Silicon Waha achieves 30% revenue growth for 3rd consecutive year

Egypt’s Minister of Communications and Information Technology Amr Talaat has held a meeting with the Board of Directors from Silicon Waha for technology parks, to discuss the company's future plans.


Egypt’s Minister of Communications and Information Technology Amr Talaat has held a meeting with the Board of Directors from Silicon Waha for technology parks, to discuss the company’s future plans.

During the meeting, the two sides also discussed the company’s results and achievements during the last period.

Talaat praised the 30% growth in the company’s revenues, the third consecutive year in which the Silicon Waha saw revenue growth. The minister also praised the progress during the past two years in terms of the private sector’s technological zone occupancy rates. This indicates the success of Silicon Waha and its ability to attract investors and private sector companies.

The minister added that the Information Technology Industry Development Agency (ITIDA) has a plan to train young people to develop the skills needed for call centres. The plan focuses in particular on two governorates in Upper Egypt: Beni Suef and Assiut.

He pointed to the importance of providing specialised training for young people in a way that qualifies them to obtain distinct job opportunities. It will also contribute to providing the digital skills required by companies, and would eventually have a positive impact on the employment rates in technological zones.

Talaat was also briefed on the Silicon Waha’s plans to expand the nationwide dissemination of its business model for co-working spaces and virtual offices in technological zones.

It would include the practical solutions that this model will provide to face the challenges and difficulties companies are dealing with due to the novel coronavirus (COVID-19) pandemic.

Sameh El Mallah, Managing Director and CEO of the company, highlighted the success of technology zones in generating 7,000 jobs directly after becoming a place that embraces entrepreneurs and innovators.

El Mallah indicated that the company’s business plan aims to cooperate with university student unions, and expand strategic partnerships with civil society institutions. The aim is to refine youth skills in line with the needs of the labour market.

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https://dailyfeed.dailynewsegypt.com/2021/01/10/silicon-waha-achieves-30-revenue-growth-for-3rd-consecutive-year/
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