Q Holding and Ora Developers sign a partnership agreement to develop a smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE, on 20 mn sqm, Invest-Gate reports.

The new city will provide the community with residential, hotel, cultural, commercial, sporting and recreational services, all with a focus on renewable energy and sustainability.

Abdulla Mohamed Butti Al Hamed, Chairman of Q Holding, highlights the partnership’s significance in supporting Abu Dhabi’s local economy, encouraging real estate investment, and attracting investors to create a unique investment opportunity.

Furthermore, Naguib Sawiris, Founder and CEO of ORA, expresses his confidence in the company’s ability to develop the region based on its diverse expertise across various real estate development branches, including residential, hotel, cultural, and recreational, with a sales value of over $12 bn in its diverse real estate portfolio worldwide.