INVESTMENT WATCH- France’s Valeo to open two customer service centers in Egypt: The Information Technology Industry Development Agency (ITIDA) has signed an MoU with French software developer Valeo to open two global shared service centers in Egypt, the CIT Ministry said in a statement. The ministry said the agreement aims to help Egypt increase its role as an outsourcing destination for foreign companies and create jobs. “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,” CIT Minister Amr Talaat said during a France visit to meet with industry players. During the visit, Talaat also met with representatives from Ecole Polytechnique to discuss cooperation in training staff and AI research and development, according to a separate statement.

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