The nation is spreading science and technology by developing a collaborative environment for business, academia, and entrepreneurs. The 450-acre Smart Village on the outskirts of Cairo, established in 2005 as the first tech park, is providing 50,000 job opportunities. At the heart of Cairo, the technology and specialized investment zone, Maadi Tech Park, is operating since 2010 and providing over 11,000 job opportunities. Both parks are home to numerous local and multinational ICT companies, such as IBM, HP, Huawei, Ericsson, Vodafone, Etisalat, Systel, Orange, Nokia, ZTE, Raya, among others.
Silicon Waha is a leading joint stock company, founded to create a chain of technology parks across tier-2 cities under the name WE Parks. Built on over 45 acres, WE Park Borg Al Arab and WE Park Assiut, were inaugurated in 2016, each to offer 15,000 job opportunities in the near future. The WE Parks community currently include IBM, Mentor Graphics, NxtVn, Sutherland, DMS, ECCO, Xceed, QNB, Sico Electronics, Egypt-Japan University of Science and Technology, and Arab Academy for Science and Technology, among others.
In 2018, another two WE Parks will be inaugurated as well as the Knowledge City, providing an innovative ecosystem for leading tech companies, start-ups & entrepreneurs, R&D, governmental and community services, and energy management. Technology parks promote national growth in ICT-related fields while providing a number of benefits to member companies and organizations. These benefits include access to shared resources, such as uninterruptible power supply, high-speed telecommunication connections, security, management offices, convention facilities, parking, retail outlets, and entertainment and sports facilities.