PHOTO
Cairo: In light of his visit to France to open doors for French/Egyptian economic collaborations in the field of communications and information technology, Dr. Amr Talaat, the Minister of Communications and Information Technology witnessed the signing of a Memorandum of Understanding between the Information Technology Industry Development Agency (ITIDA) and Valeo that entails the inauguration of two global shared service centers in Egypt serving Valeo’s global clientele.
The agreement was inked by Eng. Hala El-Gohary, CEO of Information Technology Industry Development Agency (ITIDA), and Eng. Wael Abouelmaaty, Senior General Manager of Valeo Egypt and Group’s Software Delivery Services Director, in the presence of Mr. Ehab Ahmed Badawi, the Egyptian Ambassador to France, and Mr. Marc Vrecko, President of Comfort & Driving Assistance Systems Business Group at Valeo.
Dr. Amr Talaat highlighted the importance of enhancing strategic cooperation with multinational organizations planning to expand in Egypt, which conforms to the Ministry’s strategy to increase the quantity and quality of Egyptian ICT exports and creating more job opportunities for our youth. According to His Excellency, the agreement is a new testimony that Egypt’s investment climate is drastically improved and strengthens Egypt’s position as a regional leader in the IT and value-added services.
Meanwhile, Eng. Abouelmaaty declared: “With this agreement, Valeo is not only increasing its current engineering workforce in Egypt, which had reached over 2000 engineers but is also witnessing yet another tremendous expansion by harboring operations for all of Valeo's 5 Business Groups. With the establishment of the Global Smart Shared Service Center for Valeo Services Business Group, Valeo Egypt teams will put in motion the business group’s after-market digitization strategy and will serve as a transversal entity for the Group's Information Systems operations. The two centers will focus on cutting edge technologies including AI, data science, big data, cloud, and serverless infrastructure."
As stated by Eng. Hala El-Gohary, the agreement stems from the strategic cooperation between ITIDA and Valeo Egypt, and come in line with our plans to create fruitful partnerships with renowned multinational companies with a focus on those working in the field of value-added services to establish global services centers in Egypt. She added that such collaborations provide more work opportunities for our talents, boost the Egyptian IT sector growth and competitiveness on a global scale.
According to the MOU, Valeo will put in motion a Smart Shared Service Center that focuses on delivering the after-market digitalization strategy of Valeo Services Business Group, enabling the development of data science, digital content, and technical content.
Furthermore, Valeo will inaugurate a Global IS Shared Services Center that serves the Group’s global information system operations. The center’s scope includes big data management, business process automation, ERP modules development & integration, Google Cloud Platform Application Development, business intelligence & insights development services, and other related IS infrastructure services.
The agreement enables ITIDA and Valeo Egypt to work collaboratively on building Egyptian calibers’ capacity by providing world-class training on the latest ICT and electronics technologies and creating jobs for young professionals in training.
-Ends-
About Valeo Egypt
Founded in 2005, Valeo Egypt is the Group’s main software development center and the largest one in Egypt today, with 2 offices covering more than 20,000 square meters in Smart Village. It has grown over the years to reach more than 2,000 engineers today.
Valeo Egypt’s main focus is to design, develop, maintain embedded software modules & systems for the automotive industry. Cairo-based Valeo engineers have developed various software enabling innovative technologies such as Valeo Park4U – automated parking, LED/Laser beam technologies, and Stop-Start.
Since 2015, Valeo Egypt has been actively contributing to Valeo’s software innovation activities globally through locally developed patents, publications, and new product development and has since then introduced an Innovation Car lab in Cairo that delivers advanced automotive technology proofs of concept.
About ITIDA
ITIDA is the executive IT arm of the Ministry of Communications and Information Technology, MCIT, and is located in the heart of a modern business environment at the Smart Village.
With local and international outreach, ITIDA plays a fundamental role as a one-stop-shop for foreign direct investors seeking to enhance their global offering using what Egypt has to offer and the competitive advantages of the country.
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
