25 September 2019
ICT Minister Witnesses Signing MoU between ITIDA, Valeo

The Minister of Communications and Information Technology Amr Talaat has witnessed the signing of a Memorandum of Understanding (MoU) between the Information Technology Industry Development Agency (ITIDA) and Valeo, on establishing two centers in Egypt to provide technical support services for Valeo customers worldwide.

This came during the ICT Minister’s visit to France heading a high level delegation to discuss unlocking new avenues of cooperation between Egypt and France in ICTs.

The MoU was signed by ITIDA CEO Hala El Gohary, Valeo Egypt General Manager Wael Abouelmaaty, in the presence of the Associate Minister for Networks and ICT Infrastructure Hossam El-Gamal, Comfort and Driving Assistance Systems President at Valeo Marc Vrecko, and a number of officials from the Ministry of Communications and Information Technology (MCIT).

Talaat ascertained that signing the MoU comes within the framework of MCIT efforts to enhance cooperation with international companies that have expansion and investment plans in Egypt, thus serving its plans to increase Egyptian exports of ICT products and services and create decent job opportunities for young people in Egypt.

This also reflects the international companies’ trust in the investment environment in Egypt and strengthens Egypt’s position as a leading country in providing IT and value-added services.

For his part, Abouelmaaty stated that in light of the MoU, Valeo will not only increase the number of its engineers in Egypt, reaching over 2,000 engineers already, but will also expand through participating in the operations of its five subgroups.

Valeo Egypt, through establishing the Smart Shared Service Center, will be able to adopt the strategy for digitizing its after-sales services, said Abouelmaaty, adding that the company will be capable of managing its information systems operations through the other center. The two centers will focus on cutting edge technologies, including Artificial Intelligence (AI), data science, Big Data, and cloud infrastructure.

El Gohary said that the MoU is the fruit of the joint cooperation and strategic partnership between ITIDA and Valeo Egypt. It reflects ITIDA keenness on enhancing cooperation with multinational companies, especially those specializing in value-added service, to establish international development centers in Egypt, create job opportunities for Egyptian calibers in modern technology, thus stimulating the growth of the Egyptian ICT sector, boosting its global competitiveness, and increasing its exports.

The MoU stipulates that Valeo establish the Smart Shared Service Center to serve the strategy for digitizing its after-sales services, worldwide, including data science operations, developing the digital content and the technical content center. Valeo shall also establish another global shared services center for information systems and software development, to serve the information systems operations of Valeo France, specializing in developing embedded software for automobile mechanical and electronic parts in over 30 countries.

The center’s work scope comprises Big Data operations, automating operations, developing and integrating institutional resources planning units, developing Google Cloud Platform applications, business intelligence, Research and Development (R&D) services, as well as other ICT infrastructure related services.

The MoU entails enhancing cooperation between the two sides in building capacities of Egyptian youth, providing training on the latest ICT and electronics areas, and providing jobs for trainees.

Valeo Egypt is the Group’s main software development center and the largest one in Egypt today. Valeo Egypt’s main focus is to design, develop, maintain embedded software modules and 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.

Copyright Ministry of Communications and Information Technology 1999-2023. All rights reserved