The Gulf Organization for Research & Development (GORD) and Egypt’s GV Investments Group signed a memorandum of understanding (MoU) to cooperate for GSAS implementation in Egypt and to promote sustainable solutions.
The signing ceremony took place at GORD headquarters in Qatar Science & Technology Park (QSTP). Under the partnership, GORD and GV will work towards a range of initiatives that aims to accelerate climate solutions and promote a sustainable-built environment in the Egyptian market, focusing on the implementation of GSAS in Tarboul City, Egypt’s largest industrial city.
The strategic agreement was signed by Dr. Yousef Alhorr, founding Chairman of GORD, and Mr. Sherif Hamouda, Chairman of GV Investments Group.
Speaking on the occasion, Dr. Alhorr said: Our partnership with GV Investments marks a significant milestone for GORD as we expand our GSAS green buildings rating system into Egypt. We recognize that addressing the region’s climate challenges requires cross-country collaboration and shared expertise. By working together, we can create a more sustainable future for the Middle East and North Africa region.
He added: Today’s partnership is a testament that we are committed to leveraging our joint strengths to deliver impactful solutions that address the unique needs of this region and contribute to a greener, healthier, and more prosperous world for all.
On his part, Mr. Sherif Hamouda expressed his appreciation for the partnership, saying: Green investment is one of our main businesses in Egypt, and having GSAS in Egypt is an added value for GV Group and our country.
Hamouda continued: GORD will be our strategic partner for Tarboul Industrial City, a sustainable mega project in Egypt. We are happy to be part of this cooperation and confident that GORD’s expertise and experience in environmental sustainability will help us achieve our climate goals and create world-class developments that are also ecologically responsible.
Through the agreement, the partnering entities will collaborate on capacity building and knowledge sharing to encourage an industry-wide transition to low-carbon solutions and green building practices. Additionally, GV Investments Group will work towards the adoption of GSAS as a green building standard in Tarboul Industrial City in Egypt, which will ensure achieving the city’s green status.
Tarboul City project is dubbed the largest industrial “Green, Smart, Livable” city developed in Egypt. Being developed over an area of 109 M sqm, the industrial city is designed to cater to the needs of sustainable production, the mega-development will be home to a variety of manufacturing plants, factories, warehouses, and other industrial facilities.
The partnership between GORD and GV Investments Group is expected to pave the way for more collaborations in the future, enabling both organizations to make significant contributions to the sustainable development of their respective countries and the region as a whole.
