Cairo – Mubasher: French tech company Valeo has launched an AI Development Center in Cairo, celebrating the 20th anniversary of Valeo Egypt, according to a press release.
Minister of Communications and Information Technology Raafat Hendy inaugurated the center along with Valeo Group CEO Christophe Périllat, and CEO of the Information Technology Industry Development Agency (ITIDA) Ahmed Elzaher.
This marks the group’s largest software development center worldwide, accounting for nearly 50% of its total software output and delivering around four million research and development (R&D) hours annually.
The French company is reinforcing its position at the forefront of smart mobility with this hub, joining a global network of more than 200 AI experts and a dedicated AI research center. The launch also anchors Egypt’s position as a leading technology powerhouse and a destination for global software investments.
Starting with 35 engineers and with plans to expand to over 100 specialists in the near future, the Cairo center is focused on accelerating global AI integration across all Valeo organization functions to generate a boost in productivity.
It will also target developing high-level tools essential for next-generation smart mobility software.
Hendy commented on the launch: “The AI Development Center crowns Valeo’s presence here, reinforcing Egypt’s position as a global R&D hub and showcasing the country’s engineering excellence and competitiveness in high-value innovation.”
For his part, Elzaher said: “ITIDA continues its efforts to strengthen Egypt’s position as a global hub for digital services. This is being achieved by attracting and developing investments across IT and artificial intelligence, and by supporting the expansion of global delivery centers in Egypt, including companies such as Valeo.”
