{"id":604031,"date":"2023-08-24T00:00:00","date_gmt":"2023-08-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/24\/gv-investments-huge-industrial-project-in-giza-just-got-approved\/"},"modified":"2023-08-24T00:00:00","modified_gmt":"2023-08-24T00:00:00","slug":"gv-investments-huge-industrial-project-in-giza-just-got-approved","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/24\/gv-investments-huge-industrial-project-in-giza-just-got-approved\/","title":{"rendered":"GV Investments\u2019 huge industrial project in Giza just got approved"},"content":{"rendered":"

Tarboul gets the green light: <\/strong> The General Authority for Investment and Freezones(GAFI) has approved GV Investments<\/a> \u2019 ambitious Tarboul<\/a> industrial project in Giza, it said in a statement<\/a> yesterday. The 26k-feddan city is expected to include industrial zones, a dry port and other logistical facilities, financial and business centers, and residential areas, according to its website. GAFI did not disclose a specific timeline for the project.<\/p>\n

It comes with a hefty price tag: <\/strong>The project will require some EGP 500 bn (USD 16.2 bn) of investment, according to the statement. GV Investments hasn\u2019t provided details on financing for the project.<\/p>\n

Step one: <\/strong>The city will be built in seven phases, the first of which comes with a price tag of USD 3 bn, Al Mal<\/a> reported yesterday, citing GV Investments chairman and founder Sherif Hammouda. The first phase will include food manufacturing facilities, housing, and a factory waste recycling project, he said<\/a> previously.<\/p>\n

Mass appeal: <\/strong>The city will include 12 separate industrial zones that cater to a wide range of industries, including agribusiness, building materials, medical and pharma, high-tech manufacturing, textiles and chemicals, according to Hammouda.<\/p>\n

Who's involved? <\/strong>Three contractors have already begun working on preparations for the project, including Hills Construction<\/a>, El<\/a> Shennawy Gro<\/a> up<\/a>, and Abu Arida for Sons Contracting, Hamouda is quoted as saying by the outlet. Qalaa Holdings\u2019 Taqa Arabia is set<\/a> to carry out infrastructure works, including constructing power stations, water stations, and wastewater facilities<\/a>, while Amarenco SolarizEgypt is set to contribute and provide clean energy infrastructure. Export Development Bank of Egypt<\/a>(Ebank) and Al Ahli Bank of Kuwait<\/a> will both provide financing to help SMEs establish themselves in the city, with Ebank agreeing to lend up to EGP 10 mn. Meanwhile, GV said earlier this year<\/a> that it had inked an agreement with Orange to provide \u201csmart cities solutions,\u201d without elaborating, and signed<\/a> a MoU with French consulting and engineering firm EGIS for the development of the city.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment zone will include industrial, logistics, financial and business centers, and other amenities<\/p>\n","protected":false},"author":1,"featured_media":604032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8237],"tags":[6366,1909,72,461,977,7196,7111,125,145,131,842,613,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-amarenco-solarizegypt","tag-ebank","tag-enterpriseam","tag-gafi","tag-gv-investments","tag-industry","tag-infrastructure","tag-investment-watch","tag-logistics","tag-manufacturing","tag-orange-egypt","tag-qalaa-holdings","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"f6e41b87-9006-4a0e-9609-120a98d1f926","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/1135.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s investment authority approves EGP 500 bn Tarboul industrial city","related_issue":[604022],"teaser":"The investment zone will include industrial, logistics, financial and business centers, and other amenities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.dd3f1729-596c-4dd0-b07a-8c2c020f098f.mp3"},"yoast_head":"\nGV Investments\u2019 huge industrial project in Giza just got approved - 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GAFI head Mohamed Abdel Wahab met with members of the Qatari Business Association (QBA) in Doha to discuss potential investment in our petrochemicals, financial services, logistics, real estate, tourism, tech, energy, food, and agriculture sectors among others, state-owned Qatar News Agency (QNA) reported. Abdel Wahab\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574558,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/gafi-approves-new-projects-in-idgs-e2-industrial-park-in-alamein\/","url_meta":{"origin":604031,"position":2},"title":"GAFI approves new projects in IDG\u2019s e2 industrial park in Alamein","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"INVESTMENT WATCH- GAFI approves new projects in IDG\u2019s e2 industrial park in Alamein worth EGP 600 mn: The General Authority for Investment (GAFI) has greenlit 22 new projects worth a combined EGP 600 mn that will be set up in Industrial Development Group\u2019s (IDG) e2 complex in Alamein, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633431,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/15\/gafi-wants-to-set-up-three-new-investment-zones\/","url_meta":{"origin":604031,"position":3},"title":"GAFI wants to set up three new investment zones","author":"enterpriseam admin","date":"15 July 2024","format":false,"excerpt":"The allocation process is expected to wrap up within two months","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1055.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547089,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/qatari-companies-are-looking-to-pour-investments-into-egypt\/","url_meta":{"origin":604031,"position":4},"title":"Qatari companies are looking to pour investments into Egypt","author":"enterpriseam admin","date":"8 June 2022","format":false,"excerpt":"Qatari companies have an appetite for Egyptian investments: A number of Qatari companies have expressed interest in investing in Egypt during meetings with GAFI head Mohamed Abdel Wahab, who is on a multi-day visit to Doha to pitch Egypt as an attractive investment destination, according to a cabinet statement out\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/a-spring-debut-on-the-egx-planned-for-ghazl-el-mahalla\/","url_meta":{"origin":604031,"position":5},"title":"A spring debut on the EGX planned for Ghazl El Mahalla","author":"enterpriseam admin","date":"20 February 2022","format":false,"excerpt":"Ghazl El Mahalla FC will debut on the EGX at the beginning of April, BloombergAsharq quotes Mohamed Maher, head of bookrunner Prime Holding, as saying. The IPO prospectus will be released \u201cwithin days\u201d and the subscription period will run from the end of February until mid-March, Maher said.Refresher: Ghazl El\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/271.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=604031"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604031\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/604032"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604031"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604031"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}