Prime Minister Mostafa Madbouly, accompanied by Assem El-Gazzar, Minister of Housing, inaugurate the first phase of I-City project in New Cairo implemented by Mountain View, Invest gate reports

During the visit, Mountain View signed a strategic cooperation agreement with Huawei Technologies to develop technological infrastructure in I-City project to become the first smart interactive city in Egypt with investments exceeding USD 1 mn.

This cooperation introduces the first smart data center in Egypt, which is environmentally friendly and provides the best specialized services such as monitoring, facial recognition, and smart lighting.

During the visit, Madbouly stresses that I-City project is the fruit of a successful partnership between the public and private sectors, as the relationship between the government and the private sector is no longer limited to just allocation of land or delivery of utilities but it has become a partnership that presents projects with new innovative concepts.

For his part, El-Gazzar indicates that the number of partnership projects between the public and the private sector has so far reached 18 projects on a total area of ​​19,250 acres. The first phase had began during the period from 2015 to 2017 and included about nine projects on a total area of ​​13,243 acres, with a total investments of EGP 315 bn.

He further continues that the second phase came during the period from 2017 to 2019 with seven projects located on an area of ​​4,997 acres, with investments estimated at EGP 150 bn, while the third phase started this year on an area of ​​5,000 acres with investments of EGP 500 bn.

Additionally, El-Gazzar points out that the I-City project is located on an area of ​​500 acres, with investments estimated at EGP 65 bn. Mountain View has succeeded, through the I-City project, in applying smart solutions to separate car roads from residential places.

For his part, Amr Soliman, chairman of the board of directors of Mountain View, remarks that the participation of the Prime Minister in the opening of the first phase enhances the future opportunities for partnership between public and private sectors.

In related context, Vincent Sun, CEO of Huawei Technologies, says, “Our agreement with Mountain View is very important as it allows us to create the first happy interactive city in Egypt developed based on our smart grid and IT solutions.”