June 24, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Stream Global Services, Inc. (SGS), a business process outsource service provider specializing in customer relationship management, said that it has renewed its agreement with the Egyptian Information Technology Development Agency to employ and train Egyptian employees in its Cairo facility.

ITIDA will continue to subsidize certain employee training costs for Massachusetts-based Stream. Stream said it expects its staff in Cairo to grow from 1000 employees to close to 4000 employees over the next three years.

Stream CEO, Scott Murray, signed the agreement with Hazem Youssef Abdelazim, CEO, ITIDA, during an American Chamber of Commerce in Egypt event, taking place in Washington, DC.

Massachusetts-based Stream Global Services is a business process outsource service provider specializing in customer relationship management including sales, customer care and technical support.

The Egypt-based Information Technology Industry Development Agency 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 global outsourcing location by attracting foreign direct investment to the industry and maximizing the exports of IT services and applications.  

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