GV Investments Releases Latest Developments in Mega Projects

GV Investments Releases Latest Developments in Mega Projects

GV Investments holds a press conference to review the latest developments in Tarboul Industrial City and White Sand projects, Invest-Gate reports.

The event also witnesses releasing details regarding the company’s partnership with Orange Egypt and Sole sports club in the Fifth Settlement, which includes academies that meet the needs of all members in the sports and social fields.

Sherif Hammouda, Chairman of GV Investments, says: “We, at GV Investments, are always keen to launch residential and industrial communities with a distinct character, and to provide all capabilities and infrastructure at the highest level and in accordance with the latest international standards.”

“We have contracted with Orange Egypt to provide all high-speed internet, voice, and smart services [in the Tarboul project] to provide better services to our customers and achieve our vision of creating sustainable and smart societies,” Hammouda adds.

Hamouda states that the company successfully contracts with several international companies to invest in the first phase of the Tarboul, which was inaugurated to be the largest industrial city in the region.

“Partnership agreements are also being signed with six banks to provide soft financing to support industrial investors at competitive rates, including the Export Development Bank and the National Bank of Kuwait, to provide financing for small and medium enterprises (SMEs),” he notes.

Hammouda announces that land and equipment will be available without a down payment, and finance will be provided for machinery over 10 years and an interest of 5%, to drive growth in the manufacturing sector, and contribute to the localization of various industries in line with Egypt’s Vision 2030.

Magdy Ghazi, Executive Director of Tarbol City, confirms that the city will be on the map of global industry as the first and largest sustainable, green, and smart technological industrial city in Egypt, besides, it will contribute to attracting domestic and foreign investments to Egypt.

For his part, Mahmoud Al-Jarf, General Advisor to Tarboul City, says that the project will provide strategic solutions to the challenges facing manufacturers in other industrial zones after a thorough study of all problems and challenges, stressing that the company is committed to providing the highest standards of efficiency and international technologies.

Tarboul City spans over ​​109 mn sqm in Giza and is located 5 km from the Nile River, 44 km from Helwan neighborhood and 77 km from the 6th of October City and 83 km from the New Administrative Capital, 109 km from Sokhna port, and 160 km from the Red Sea.

White Sand project is located on an area of 186 acres on the Alexandria-Matrouh road, and it is planned to be one of the most important landmarks in the region.

The project includes 3,200 housing units, varying between apartments, villas, twin houses, chalets, studios, and commercial units, in addition to service buildings that include a sports club and a hotel.


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