Geocycle, Lafarge Egypt, and Elsewedy Industrial Development signed a memorandum of understanding (MoU) to manage the construction, infrastructure, and industrial waste of the Sokhna 360 project, Invest-Gate reports.

Under the MoU, Geocycle, a provider of sustainable waste management solutions, will integrate green and eco-friendly solutions by contracting with factories in Sokhna 360 for the safe and sustainable management of industrial waste.

Meanwhile, Lafarge, a subsidiary of Holcim Group, will offer eco-friendly building solutions from cement or concrete.

“The collaboration works as a catalyst for implementing Sokhna 360 sustainability vision, achieving a perfect balance between competitive ROI and impacting the surrounding environment positively,” Mohamed El-Kammah, CEO of Elsewedy Industrial Development, comments.

Sokhna 360 is situated over 10 mn sqm and includes an industrial zone of 5.7 mn sqm and green areas spanning more than 700,000 sqm, El-Kammah adds.

He notes that the project aims to support localization and industrial exports, and promote environmental sustainability.

For his part, Adham El-Mahdy, General Manager of Geocycle Egypt, says: “At Geocycle Egypt, we achieve this by providing the industrial sector with safe, smarter, and more sustainable solutions to manage their waste, reducing their ecological footprint. These practices reflect positively on the Egyptian population and economy, contributing to the establishment of Egypt as a regional recycling hub.”