Egyptian Prime Minister Appoints Yasser ElKady as CEO of the Information Technology Industry Development Agency (ITIDA)

CAIRO, October 28, 2010 - The Egyptian Prime Minister yesterday appointed Eng. Yasser ElKady as the
new CEO of the Information Technology Industry Development Agency (ITIDA).
ElKady will be reporting directly to the Minister of Telecommunications and
Information Technology.

    (Photo: photos.prnewswire.com/prnh/20101028/NY90757 )
    (Photo: www.newscom.com/cgi-bin/prnh/20101028/NY90757 )

In September 2009, ElKady was appointed as the First Deputy to the
Minister of Investment in Egypt. To support his role for the Ministry, Yasser
was also appointed as a board member for the General Authority for Investment
(GAFI), the principal government body regulating and facilitating investment
in Egypt.

Since 2007, ElKady has also been a board member in the Information
Technology Industry Development Agency (ITIDA), which builds the capacities
of local IT companies and aims to grow a qualified, sustainable and
deployable talent pool. A year later, ElKady joined the Advisory Board for
the Minister of Communications and IT, Dr. Tarek Kamel, to help formulating
the national innovation strategy and the IT industry development for Egypt.
Today, ElKady is also a board member in Credit Agricole Egypt. Yasser was
also an advisor to the former Minister of Transportation, Eng. Mohammed
Mansour.

Prior to holding these positions, ElKady established and grew the
business of Cisco Systems in Egypt and the Middle East region over a period
of ten years. He took on the role of general manager for Egypt back in 1999.
ElKady built the organization from the ground up and designed a strategy to
align Cisco Systems with the Egyptian government's vision for CIT
development.

He then took over the region becoming the Managing Director for MEA,
strategy and business development. ElKady's role at Cisco Systems not only
achieved revenue growth and expansion, but he was instrumental in building
relationships with the regional governments to enhance IT skills and to
develop talent.

After earning a Bachelor of Science Degree in Electronics and Data
Communications Engineering from Cairo University, Yasser received a degree in
computer design from California, USA.

    Contact details

    Ahmed Reda
    Media & Communication Manager
    Information Technology Industry Development Agency
    T: +202-534-51-85
    E: areda@itida.gov.eg

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.

Located in the heart of the modern business environment at Smart Village,
the six hundred acre technology and business park on the outskirts of Cairo,
ITIDA is a self-sustainable entity that drives the IT industry in Egypt and
raises awareness among the Egyptian people of the benefits and use of ICT to
advance socio-economic welfare of the whole community. To learn more about
ITIDA and its activities, please visit www.itida.gov.eg.

Ahmed Reda, Media & Communication Manager, Information Technology Industry Development Agency, +202-534-51-85, areda at itida.gov.eg