ITIDA: Valeo’s Continued Investment Highlights Egypt’s Strength as a Global Outsourcing Hub
Ahmed Elzaher, CEO of ITIDA, affirmed that Valeo’s sustained investment in Egypt over the past two decades stands as a successful model of collaboration between the government and multinational companies, and a strong testament to the country’s rich pool of digital talent.
Elzaher noted that ITIDA continues to strengthen Egypt’s position as a global hub for outsourcing and digital services exports by attracting investments in information technology and artificial intelligence, while supporting the expansion of global service centers.
He added that the newly inaugurated AI center enhances Egypt’s capabilities in delivering high-value digital services and supports the transition toward a knowledge-based economy. It will also contribute to job creation and the upskilling of Egyptian professionals in AI and data science.
Valeo is one of the world’s leading automotive technology companies, employing around 100,000 people globally. The company operates in 29 countries, with 149 production sites, 59 R&D centers, and 19 distribution platforms, generating revenues of approximately €20.9 billion in 2025.