GV Developments and TAQA Arabia sign a cooperation agreement to launch “Tarboul Infra”

GV Investments, one of the leading real estate developers, announces signing a cooperation agreement with TAQA Arabia “ a Qalaa Holdings company” and Egypt's largest private sector energy distribution company, to develop, design, build and operate the full-fledged infrastructure and provide integrated solutions for facilities in the city of Tarboul.

The cooperation agreement was signed by Mr. Sherif Hammouda, Founder and Vice Chairman of the Board of Directors, GV Investments; Ms. Pakinam Kafafi, CEO of TAQA Arabia; and was attended by Eng. Khaled Abu Bakr, Chairman of TAQA Arabia.

As a part of GV Investments strategy to forge strong partnerships, the agreement serves to accelerate the completion of the infrastructure and provide clean energy sources for the first phase of the city of Tarboul. The agreement will equip Tarboul City with a state-of-the-art infrastructure to support sustainability and meet the Fourth Industrial Revolution requirements achieving comprehensive industrial development. The cooperation aims to pave the way for establishing huge industrial enterprises and attracting major international companies.

“Our cooperation with TAQA Arabia is a crucial step to completing the infrastructure of the city of Tarboul. According to the cooperation agreement, the newly established company, Tarboul Infra, will be responsible for the city's full utilities, including electricity, water, and gas supplies according to the top-notch technologies and eco-friendly specifications,” said Sherif Hammouda, Founder and Vice Chairman of the Board of Directors, GV Developments. “The agreement comes as a part of our aspiration to be an industrial hub for global manufacturers and investors, creating an attractive destination for global investment, in line with the government’s plan to increase the industrial sector’s contribution to the Gross Domestic Product and localize the most advanced industry technologies”. He added.