In a move that reflects the confidence of major global companies in the Egyptian market, Concentrix, the US-based outsourcing giant, has recently announced its plan to invest $1 billion in Egypt in the coming period.
This investment aims to expand the company’s operations and increase its workforce, further strengthening Egypt’s position as a key outsourcing hub in the region.
Expansion & Job Creation
Concentrix plans to create 16,000 new job opportunities, bringing its total workforce in Egypt to 35,000 employees by 2028, compared to 19,000 currently.
This growth is expected to boost the outsourcing sector and enhance its contribution to the local economy.
New Cities on the Investment Map
As part of its expansion strategy, the company is targeting new cities like Mansoura and Hurghada, increasing its presence within Egypt and accessing a broader talent pool.
This move will also support economic development in different governorates.
Concentrix’s Global Presence
Concentrix is one of the world’s leading outsourcing companies, with:
- Operations in 70 countries across six continents.
- A global workforce of 440,000 employees.
- $9.6 billion in revenue in 2024.
- Founded in 2003 in California, USA.
- Listed on the NASDAQ in 2020.
Strengthening Multilingual Services
Concentrix offers its services in Egypt in 12 different languages, reinforcing its role as a global outsourcing and technical support hub, while enhancing Egypt’s competitiveness in this sector.
This investment aligns with Egypt’s efforts to position itself as a regional outsourcing and technology hub. Concentrix’s expansion will help:
