Valeo Egypt News Today

Abu Dhabi and Egypt's Valeo team up to drive development of emirate's mobility sector

RIYADH: In a push to localize the Kingdom’s automotive industry, Saudi Arabia’s National Industrial Development Center has inked a strategic deal with Valeo Egypt, the software development unit of the global automotive supplier. The two parties signed a memorandum of understanding set to pave the way for the localization of automotive components and manufacturing of modern

Egypt and Saudi Arabia signed on Sunday two memorandums of understanding (MoU) in developing non-oil exports and developing their automobile industries. The Egyptian Minister of Trade and Industry, Ahmed Samir, and Saudi Minister of Industry and Mineral Resources, Bandar al-Khorayef, witnessed the signing of a memorandum of understanding between the Egyptian Export Development Authority and its Saudi counterpart.

Although economies in Africa faced uncertainty in 2022 as economic and global shocks weighed on post-Covid-19 pandemi

Despite some headwinds, 2022 saw an increase in regional cooperation on trade, as well as economic diversification plans, and efforts to close the financing gap in support of the energy transition

The global electric vehicle market is booming, and emerging economies are racing to carve out their own piece of the pie