Summit Technology Solutions Unveils Regional Expansion Plans, Targets 50% Business Growth by End of 2025
Following its strong performance in the Egyptian market, Summit Technology Solutions, a subsidiary of Orascom Group, has announced an ambitious regional expansion strategy aimed at entering new high-growth markets, including Iraq, Syria, and parts of North and Sub-Saharan Africa. The company also expects a 50% increase in business volume by the end of 2025.
Speaking about the company's strategic roadmap, Eng. Sherif Hamzawy, CEO of Summit Technology Solutions, revealed that preparations are underway to launch operations in Iraq and Syria, citing strong demand for digital services and untapped opportunities outside traditional competitive markets.
> “Iraq is emerging as one of the region’s most rapidly evolving tech environments, and we plan to commence operations by the end of this year or early 2026. Our ongoing project in Baghdad’s Al-Ward city is a testament to our long-term commitment,” Hamzawy stated, noting the company’s focus on recruiting local talent.
He also identified Syria as a promising investment landscape, adding that Summit is currently assessing its entry strategy with meticulous planning.
In North Africa, Summit sees Morocco and Algeria as strategic gateways into central African markets such as Cameroon and the Sahel. Meanwhile, in the Gulf region, the company is reinforcing its presence in the UAE, which will serve as its operational hub for Gulf and Central Asian markets, including Pakistan.
Summit plans to establish a Center of Excellence in the UAE by year-end, employing approximately 50 staff members to support regional operations, including in Oman and Qatar.
Sustained Growth and Service Innovation
Summit reported a 30% year-over-year business growth in 2024, compared to 2023, and is targeting an additional 50% surge in 2025. This reflects the company's dynamic strategy and commitment to delivering tailored digital transformation roadmaps — from consultation and design to execution and impact assessment.
“Our approach goes beyond plug-and-play solutions,” Hamzawy emphasized. “We start by understanding the unique realities of each organization and co-developing transformation journeys that align with their strategic goals.”
The company’s core offerings include comprehensive infrastructure services — from cabling and data rooms to surveillance systems, networking equipment, and servers — underpinned by deep expertise gained from executing national-scale projects in Egypt.
Focus on Managed Services and Cybersecurity
To increase recurring revenues, Summit is expanding its Managed Services portfolio, offering end-to-end IT services under Service Level Agreements (SLAs), as well as outsourcing solutions — ranging from selective outsourcing of non-core functions to full infrastructure management for major banks and industrial players.
Summit is also investing heavily in emerging technologies, such as artificial intelligence, big data analytics, and intelligent automation, with a strong focus on the banking sector, where it is a key digital partner for infrastructure and cybersecurity solutions.
Cybersecurity remains a top priority, with the company delivering integrated security frameworks to safeguard institutional data and operations amid rising global digital threats.
Driving Smart Cities and Human Capital Investment
Summit is actively contributing to smart city initiatives, providing IoT-based control systems and integrated digital infrastructure. It is currently involved in multiple smart city projects both inside Egypt and across the region.
Hamzawy also highlighted that human capital is at the heart of Summit’s growth strategy. The company continuously trains its workforce to stay ahead of global technology trends, with 350 full-time employees today and a plan to double the team in the near term to support its expanding operations.