As businesses across the U.S. and Europe navigate the challenges of inflation and rescission, many are looking to optimize costs and drive efficiency through strategic outsourcing. And one destination that is quickly rising to the top of the list? Egypt.
Egypt has long been known for its rich history and culture, but in recent years, it has also emerged as a leading outsourcing hub. It attracts companies of all sizes with its unique combination of cost-effectiveness, skilled talent, and advantageous time zone alignment.
1. Favorable Exchange Rate & Cost Savings
One of the key factors driving U.S. and European companies to outsource to Egypt is the country’s favorable exchange rate. As of 2024, the Egyptian pound has reached its lowest value in years compared to the U.S. dollar and euro. This makes Egypt an extremely cost-effective option for businesses looking to stretch their budgets and maximize return on investment.
2. Skilled and Tech-Savvy Workforce
Egypt boasts a highly educated and tech-savvy workforce, with many Egyptians fluent in multiple languages. A growing network of universities and international schools produces graduates with in-demand skills across fields like technology, engineering, finance, accounting, digital marketing, and customer service. With English proficiency widespread—and many professionals speaking additional languages—Egypt offers an ideal environment for seamless communication with global teams.
Real-World Examples:
Several multinational companies have outsourced operations to Egypt, including Unilever, General Motors, Heinz, Coca-Cola, 3M, Pepsi, Procter & Gamble, General Electric, Vodafone and Johnson & Johnson; with many utilizing Egypt for customer support, call center services, and back-office functions due to its relatively lower labor costs compared to Western countries.
3. Time Zone Advantages
Egypt’s time zone is another significant advantage, especially for U.S. and European companies. Its location in the Eastern Time Zone of Africa provides much more favorable alignment compared to traditional outsourcing hubs like the Philippines.
Time Zone | Egypt | Philippines |
Central (U.S.) | +7 hrs | +12 hrs |
Eastern (U.S.) | +6 hrs | +11 hrs |
Pacific (U.S.) | +8 hrs | +13 hrs |
London | +2 hrs | +7 hrs |
Berlin | +3 hrs | +8 hrs |
Benefits of Time Zone Alignment
For Companies:
- Better collaboration and communication with the outsourced team
- Faster response times to customer inquiries and project needs
- More efficient project management with overlapping work hours
For Outsourced Workers:
- Reasonable working hours that align with the client’s schedule
- Easier coordination for meetings and check-ins
- Improved work-life balance compared to outsourcing destinations with larger time zone gaps
Tap into Egypt’s Strategic Advantages
By tapping into Egypt’s skilled, cost-effective workforce and optimal time zone alignment, businesses can streamline operations, improve efficiency, and deliver exceptional service to their customers—whether located in the U.S., U.K., or across Europe.
Interested in exploring outsourcing options in Egypt? Contact OffshoreUp for a free consultation and discover how Egypt’s workforce can drive your business growth!