Shahanda Ibrahim – Ahmed Salem, Chief Operating Officer of Deloitte Innovation Center – Cairo, stated that the company intends to inject investments worth $40 million over 12 to 18 months to complete its investment plan, which has a total value of $110 million, of which $70 million has been injected so far.
Salem noted in statements to Hapi Journal portal on the sidelines of a roundtable held today, that the largest portion of investments is directed towards employee wages, which account for about 70 to 80% of the expenditure, while the remaining portion, ranging between 20 and 30%, is allocated to services necessary to support and expand the scope of business.
He explained that the company operates in the field of exporting digital services, which include software, digital transformation, and artificial intelligence projects, alongside legal technology solutions that meet the needs of law firms and companies, requiring specialized applications that differ from traditional digital transformation solutions.
He added that the company provides its services from Egypt to external markets, within the framework of a business model that relies entirely on export.
Salem pointed out that there is a tendency to open new branches outside Cairo, noting that the Delta region, specifically the city of Mansoura, is among the proposed locations, without disclosing further details regarding the branch locations or the date of their opening.
