Egis and GV Developments to develop 109mn sqm Tarboul Industrial City in Egypt
The industrial city is aligned with Egypt’s 2030 Vision across various aspects including creating integrated and sustainable ecosystems
Egyptian real estate developer GV Developments has signed an MoU with Egis for the development of Tarboul Industrial City in Giza, Egypt. The project will spread over 109mn sqm, with every area aimed at serving the purpose of sustainable production; it is to become a green, smart and liveable industrial city in the heart of Egypt’s trade area.
In a statement, Egis said that the MoU was signed by Sherif Hammouda, Chairman of GV Developments and the Managing Director of Egis in Egypt, Sameh Atalla. It comes within a framework partnership agreement between the two entities across a number of various real estate and hospitality projects and several activities.
The industrial city is said to be aligned with Egypt’s 2030 Vision across various aspects including creating integrated and sustainable ecosystems, improving the quality of life and living standards of Egyptians, creating a competitive and diversified economy and more.
In July 2022, Rosatom said it had begun onsite works on Egypt’s first nuclear plant.
Hammouda commented: “We are happy about our partnership with Egis and their extensive experience in multiple fields in engineering consulting and project management across all engineering sectors. Having Egis involved in the Tarboul Industrial City project reflects the project’s attractiveness as the first sustainable, smart industrial city in Egypt.”
GV Developments is said to be responsible for multiple large projects across the country including White Sands, Times Square Port Said and Tarboul Industrial City. The company also said it is involved in multiple waste to energy projects.
“We believe this partnership marks the beginning of a successful journey of collaborations that has a positive impact on the Egyptian economy. GV developments’ vision for Egypt’s future falls in line with Egis’ ambition of creating solutions for a green and sustainable future on a world-wide scale,” said Sameh Atalla.
In May 2022, CRTKL said that HoT and connectivity would shape the future of the Egyptian residential market. The firm also noted that wellness and happiness are key for Egyptian workplaces.
Egis has worked in Egypt since 2001 and has completed several key projects across multiple sectors including rail, water structures, energy, aviation and building projects as well as urban and mobility projects. Currently, the company is working on Cairo Metro Line 2,3 and 6, the Alexandria Raml Tram, Cairo Festival City – Aura & Living Stream 3, Porto New Cairo and more.
