CAIRO - 21 April 2026: Prime Miniater Mostafa Madbouly met with Christophe Périllat, CEO of the French global automotive supplier Valeo, emphasizing the state's support for the company's expansion in Egypt.
In a move to solidify Egypt’s position as a regional tech hub, Madbouly lauded the inauguration of Valeo’s new Artificial Intelligence Development Center in Egypt, which is set to become one of its premier global R&D facilities.
"I was impressed by the efficiency of the Egyptian youth I saw at your headquarters two years ago," praising the partnership between Valeo and the Ministry of Communications.
The prime minister noted the Egyptian employees' ability to serve major global automakers through Valeo's advanced technologies.
The Minister of Communications, who attended the meeting, highlighted that the new center will begin with 35 engineers, with plans to exceed 100 specialists.
The facility will focus on integrating AI into Valeo's global productivity and developing next-generation software for smart mobility solutions.
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