“Summit Technology Solutions” Unveils Expansion Plan into New Regional Markets Expects 50% Business Growth by End of 2025

As part of its ambitious vision to broaden its footprint across major regional markets, Eng. Sherif Hamzaoui, CEO of Summit Technology Solutions — a member of Orascom Group — announced the company’s strategic expansion into the Iraqi and Syrian markets, reinforcing its regional growth strategy in the Middle East and North Africa.

Hamzaoui emphasized that Iraq represents a fast-evolving technology market with rising demand for digital services, making it an ideal environment for expansion beyond the heavily competitive traditional markets. He noted that operations are expected to start by the end of this year or in Q1 2026, with ongoing in-depth studies to identify genuine value-add opportunities.

He revealed that Summit is currently executing a major project in “Al-Ward City” in Baghdad, highlighting the company’s commitment to hiring qualified Iraqi talent.

Regarding Syria, Hamzaoui described it as a promising market rich with investment opportunities, though the company is carefully assessing the timing and approach for its future strategy there.

On the North African front, he pointed out that Morocco and Algeria serve as strategic gateways to Central African markets such as Cameroon and the Sahel, making the region a top priority in the company’s upcoming expansion phase.

In the Gulf region, Summit is reinforcing its presence in the UAE to establish it as a key operational hub and springboard into Gulf markets and Central Asia, particularly Pakistan. Hamzaoui also disclosed plans to set up a Center of Excellence in the UAE employing 50 staff by year-end, supporting the local market and neighboring countries such as Oman and Qatar.

Hamzaoui stated that Summit aims to grow its business volume by 50% by the end of 2025, after already achieving a 30% growth in 2024 compared to 2023. This, he said, reflects the company’s dynamic strategy in delivering innovative technology solutions tailored to evolving client needs.

He stressed that Summit goes beyond offering ready-made solutions, instead building digital transformation roadmaps aligned with each client’s specific requirements — from consultation to full implementation and impact measurement.

Hamzaoui explained that infrastructure remains the backbone of any digital transformation, with Summit delivering end-to-end solutions spanning cabling, data centers, networking devices, surveillance systems, cameras, and servers. These are backed by the company’s extensive expertise in executing large-scale national projects in Egypt.

In pursuit of recurring revenues, Summit is expanding in Managed Services under Service Level Agreements (SLAs), as well as various outsourcing models ranging from selective outsourcing for non-core functions to strategic outsourcing for managing entire IT infrastructures — as applied in certain banks and industrial institutions.

The CEO underlined the company’s strong focus on emerging technologies such as Artificial Intelligence, Big Data analytics, and smart robotics, serving critical sectors with banking at the forefront, where Summit is a key technology partner providing advanced infrastructure, digital services, and cybersecurity solutions.

Hamzaoui emphasized that cybersecurity is a top priority, with Summit developing integrated solutions to safeguard institutional data and critical systems, ensuring secure and reliable operations amid the growing global digital threat landscape.

He also highlighted Summit’s involvement in smart city projects, covering IoT, control systems, and integrated digital infrastructure, with the company currently engaged in several flagship initiatives both inside and outside Egypt.

Finally, Hamzaoui noted that investing in human capital is central to the company’s strategy, with continuous training for its teams to keep pace with global technological developments. The company currently employs around 350 professionals and has a bold plan to double this workforce in the near future to sustain its accelerated growth locally and regionally.