Countries have watched India's meteoric rise in the global IT market with envious eyes.
Everybody wants a piece of the action. And why not?
But let's not forget Egypt. It was praised in a report by the London School of Economics last year and has now won the accolade of Offshoring Destination of the year 2010, according to the European Outsourcing Association.
Chairman Martyn Hart says "Egypt stood out for its multilingual capabilities and developments made to its infrastructure. It has proven itself to be both a strong player for European outsourcers and a gateway to the Middle East and Africa."
Egypt is seen as one of the big opportunities beyond Brazil, Russia, India and China.