The agreement also provides for leasing for rent hotel units to clients.
MODON uses solar power in all its current projects to rationalize energy consumption, save the environment, and reduce operational costs.
The event included a wide range of workshops, panel discussions, presentations, and research, allowing for interactions between officials and experts in the real estate sector.
The new destination will be located in The Groove Sokhna Resort’s retail area, in Ain Sokhna region.
Several themed days for focused discussions have been designated, which will include side events, panel discussions, and roundtables.
The agreement includes allocating lands for measurements and technical studies required for the project, in preparation for negotiating the project’s final contracts.
During the exhibition, the housing ministry presents investment opportunities in areas affiliated with the New Urban Communities Authority (NUCA) and organizes forums and an international press conference to introduce opportunities in the Egyptian real estate market.
Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delegation to Doha last month.
The new solar power plant will have the capacity to produce 45 gigawatts/hour of energy and offset 22,000 carbon dioxide emissions annually.
The qualified projects include accessibility solutions for water, future networks, applications, analytics, and cybersecurity.
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