Deloitte has officially opened its Innovation Hub in Cairo, marking a significant step forward in its commitment to advancing innovation and tapping into talent in Egypt.

The Egyptian Gazette reports that the North African country’s ICT minister, Amr Talaat, inaugurated the hub, which provides technology solutions across Europe and the Middle East, with an emphasis on artificial intelligence, cybersecurity, and digital services.

According to the newspaper, Deloitte is making this $30 million investment over three years in recognition of Egypt's capability and expertise in fields such as computer science, computer engineering, business and information systems, and data engineering.

Talaat stated that the opening of the Deloitte Innovation Hub in Cairo demonstrates global confidence in Egypt as a prime destination for IT services and digital innovation. He highlighted Egypt’s strong base of young, skilled talent in modern digital technologies, which attracts foreign investments.

He also emphasised the state’s commitment to fostering high-value jobs for Egyptian youth, increasing digital exports, and building a knowledge-based economy, noting that Egypt’s digital exports reached $6.2 billion in 2023.

Deloitte Innovation Hub leader Hani Girgis, commended: “The Innovation Hub will enable us to foster and develop local talent, making an impact that matters to Egyptian people and society, as well as deliver exceptional value to our clients across different markets in Europe and the Middle East.”