ITIDA Agrees with Valeo to inaugurate 2 Global Shared Services Centers in Egypt

CAIRO - 25 September 2019: Information Technology Industry Development Agency (ITIDA) and Valeo signed Wednesday a Memorandum of Understanding that entails the inauguration of two global shared service centers in Egypt serving Valeo’s global clientele.

The signing ceremony came in light of Minister of Communications and Information Technology Amr Talaat's visit to France to open doors for French/Egyptian economic collaborations in the field of communications and information technology.

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.