The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.
According to the MoU, Orascom Construction will have an equity stake in the project and will execute the construction of the wind farm.
Buyers were being selective and mainly opted to purchase property from well-reputed developers with strong balance sheets.
Tamer Magdy, Managing Director of Sinai Cement, notes that the company set an integrated plan to develop the community in which it operates, especially in the area where its factory in North Sinai is located.
Mohamed Hanafy, director of the Chamber of Metallurgical Industries, says that steel prices increased in the local market due to a group of reasons, including the rise in the USD exchange rate against the Egyptian pound and fluctuations in global raw material prices in the last two weeks.
The new solar power plant will have the capacity to produce 45 gigawatts/hour of energy and offset 22,000 carbon dioxide emissions annually.
In Q3, the average office rent in Cairo rises 5% YoY to about $347 per sqm annually.
PARAGON Developments seeks to become the biggest developer of smart and sustainable projects in Egypt, the company’s CEO, Mohamed Bedeir, states on the sidelines of the roundtable organized by Invest-Gate on October 12th with the title “4th Generation Cities: Opportunities & Challenges”.
Urbacon Trading and Contracting (UCC) ranked first in the Arab world, Africa, and 105 globally in the Engineering News-Record (ENR) international list of the best contracting companies in the world in 2022, Invest-Gate reports.
Cairo’s Hotel Sector’s occupancy rates climbs to 60% in Q2 2022, almost double the level as compared to the corresponding period of last year which stood at 32%, Invest-Gate reports.
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