Cairo-Egypt: Smart Villages Company gladly informs its community's Companies and organizations about ITIDA's incentive package to assist the ICT companies.
ITIDA will provide loans to ICT companies in cooperation with the Social Fund for development with a total amount of 150 million EGP at 6% of interests, half of which will be paid by ITIDA, itself. All companies are allowed to apply for the loans including the shareholding corporations with paid-up capital exceeding 1 million EGP.
The Package also covers financing the promotional materials of ICT companies in accordance with ITIDA standards in cooperation with the companies and supporting the participation of all Egyptian ICT companies at Cairo ICT 2011
Moreover, the second phase for applying to the "Export IT" program will be launched soon, with a budget of 45 million EGP to the exporting companies for up to 10% of the added value of exports.
Smart Villages Company is encouraging all its tenants to make use of the presented opportunity and contact ITIDA immediately.
-Ends-
About ITIDA:
The Information Technology Industry Development Agency (ITIDA) is a governmental entity affiliated to Egypt's Ministry of Communications and Information Technology. It is responsible for growing and developing Egypt's position as a leading global outsourcing location by attracting foreign direct investment to the industry and maximizing the exports of IT services and applications.
About Smart Villages:
Smart Villages Company was founded in 2001 to establish a branded chain of Technology and Business Parks on the local and regional levels. Smart Village Egypt, our first operational Technology and Business Park, prides itself to accommodate Multinational and Local CIT Companies, Financial Institutions and Banks, together with Governmental Authorities on 3 Million square meters in the west of Cairo. Full-fledged business community services, distinguished emblematic buildings rising across State of the art Infrastructure and, Environmental excellence demonstrate Smart Villages Company professional capacities as a regional key-player in conceptualizing, planning, delivering, and, managing operational and profitable Business Parks.
For more information kindly contact:
Ahmed Reda
Media & Communication Manager
Information Technology Industry Development Agency
T: +202 35 34 51 85
E: areda@itida.gov.eg
© Press Release 2011
