GV Developments, a leading real estate developer in Egypt, has signed a deal with Egis, an international group in the consulting, construction engineering and mobility sectors, for the development of the Tarboul Industrial City.

The Memorandum of Understanding (MoU) signed by Sherif Hammouda, Chairman of GV Developments and the Managing Director of Egis in Egypt, Sameh Atalla, comes within a framework partnership agreement between the two entities across a number of various real estate and hospitality projects and several activities.

Tarboul Industrial City is located in Giza and is spread over 109 million sq m, with every area aimed at serving the purpose of sustainable production. Tarboul aims to develop a green, smart and livable industrial city in the heart of Egypt’s trade area.

Aligned with Egypt’s 2030 Vision 

The industrial city is 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, a competitive and diversified economy and more.

Hammouda commented: “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 one of Egypt’s leading real estate developers responsible for multiple large projects across the country including, White Sands, Times Square Port Said and Tarboul Industrial City. Additionally, they are involved in multiple waste to energy projects.

Successful journey 

“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 Atalla. 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, Egis 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.