On November 19th, Capgemini, a business and technology transformation firm, officially unveiled its new headquarters in Cairo Festival City. The French company, which has been operating for 55 years, specializes in cloud infrastructure technologies, data, artificial intelligence, software, and digital engineering to address various business needs.

The new Egyptian headquarters is designed to house up to 1600 employees and will serve as a hub for the company’s operations in Africa and the Middle East. According to Capgemini Group CEO Aiman Ezzat, the company chose Egypt for its location due to its growing economy and talent pool.

“Egypt is an important market for us because of its potential for growth,” Ezzat said. “We see great opportunities here and are excited about our expansion into this region.”

During the ribbon-cutting ceremony, Prime Minister Mostafa Madbouly praised Capgemini’s investment in Egypt and expressed his support for the country’s efforts to promote economic development through innovation. “Capgemini’s presence here is a testament to our government’s commitment to creating a favorable environment for businesses,” he said.