British IT company pumps investments in Egypt

A British Information Technology (IT) expert has said the Egyptian market is one of the best in the region in terms of its growth rate in the communications and IT.

Derek A. Kemp, CEO of Logica, a leading British solutions firm operating in the region, said his company intended to increase its presence in Egypt.

During talks yesterday with Minister of Communications and IT Ahmed Nazif, he said his firm would increase its operating capital in Egypt and offer more jobs to local engineers and technicians, up from just nine to 100 by 2002.

Kemp said that his company was interested in participating in Egypt's plans to establish a third cellular service provider, adding that Logica could offer invaluable consultative expertise in electricity systems.