IBM invests in nanotech and services in Egypt.
During a visit to the country by IBM CEO and president Sam Palmisano, the company announced that the establishment of a nanontech research centre in Egypt, along with the launch of a Global Service Delivery Center and an agreement with the Egyptian government to develop services science curriculum for universities.a The investment will build on IBM's existing services business in the country, and work alongside government programs to drive Egypt's IT services industry. "Egypt faces a major opportunity; the seat of one of the world's oldest civilizations is now an emerging player onto the world stage of a new, globalized economy," Palmisano said. "I am impressed and optimistic about its future because of the way it is nurturing its talent, its human resources and its technical potential. These initiatives announced today mark IBM's deep commitment to strengthening that process of growth and opportunity and extending the long and highly successful partnerships we have enjoyed in Egypt." Palmisano met Egyptian president Hosni Mubarak and prime minister Dr Ahmed Nazif during the visit, and discussed collaboration on economic development.
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