Business Today Egypt | October – November 2023, Special Edition

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GV Investments Partakes in the World Construction Championship III in St. Petersburg
Russia
GV Investments, one of the leading real estate developers, announces
its participation in the Third World Construction Championship,
which took place in the Russian city of St. Petersburg
under the patronage of the Russian President, Vladimir Putin, and
the Russian Ministries of Industry and Trade, and Construction,
Housing and Utilities.
This participation aligns with GV Investments’ vision, which aims
to achieve sustainable economic and social development, enhance
economic relations between Egypt and other countries, and reaffirm
the company’s commitment to industrial development and
attracting investments. Eng. Sherif Hamouda, Founder and Vice
Chairman of the Board of Directors at GV Investments participated
in an open dialogue session in the presence of the Deputy Governor
of St. Petersburg, heads of several Russian banks, the Deputy
Prime Minister of Russian Industry and Trade, and some heads of
companies specializing in modern industrial technology from Russia
and Asia.
Commenting on GV Investments’ participation in this championship,
Eng. Sherif Hamouda, Founder and Vice Chairman of the
Board of Directors at GV Investments, said, “We are pleased to
participate in this global championship, which included major
construction and building companies from around the world, especially
under the esteemed patronage of the Russian President
and various Russian ministries. It provided us with an important
opportunity to showcase the advantages of Tarboul Industrial
City, one of the largest and most comprehensive industrial
cities in Egypt and the region. At the same time, the championship
served as a pivotal interactive platform that featured
discussions and future insights regarding the construction and
building industry worldwide. This participation is part of a series
of successful engagements for our company at international
conferences and exhibitions, underscoring our unwavering
commitment to promoting international dialogue and achieving
Egypt’s sustainable development in line with Egypt Vision
2030.”
Tarboul City, the largest smart industrial city in Egypt, is strategically
located in the Giza Governorate on a vast 109 million
square meter expanse. Its strategic positioning near the primary
road network allows for easy access to and from various
governorates across the country, making it an appealing
investment destination. The goal of this city is to connect Upper
Egypt with the economic centers in the Delta region, and it is
anticipated to serve as a thriving hub for industry and investment.
Eng. Hamouda received an invitation to participate in an open
dialogue session titled “New Era Technologies: The Future of
Construction.” It is worth noting that this is not the first time
he has visited Russia. Eng. Hamouda previously signed a
memorandum of understanding with Russia’s industrial cluster
in Tatarstan with the goal of enhancing economic cooperation
between Egypt and the Republic of Tatarstan, a republic of
the Russian Federation, and several African countries, aiming
to establish new mechanisms for enhancing cooperation and
knowledge exchange in various fields in line with the country’s
directions. GV Investments was the only Egyptian participant
in the Russia-Africa Conference, which was held in Russia last
July.
A New Era of Real
Estate Excellence
and Expansion: RED-
CON for Offices and
Commercial Centres
Transforms into RED-
CON Properties
REDCON Group announced the rebranding of its real estate development company,
and changing its name to REDCON Properties instead of REDCON for Offices
and Commercial Centres. This change aims to expand the Company’s scope to
encompass all categories of real estate developments and strengthen its strategic
position as a pioneer in the development of sustainable communities within the real
estate sector.
“With this expansion, we are starting a new chapter in its growth in the real estate
development field,” said Eng. Tarek El-Gamal, Chairman of REDCON Properties.
“This comes after our significant success in creating administrative and commercial
centres, as we aspire to shape future communities with innovative sustainability at
heart, living up to the group’s history in the Egyptian market.”
Ahmed Abdullah, Vice Chairman of REDCON Properties, commented: “We aim to
contribute to the advancement of green building, aligning with the sustainable development
goals of Egypt’s 2030 Vision.”
REDCON Properties seeks to shape future communities and be a catalyst for
sustainable change in the real estate sector, by raising awareness of the benefits of
sustainability and implementing technological solutions in all aspects of its projects.
www.BusinessTodayEgypt.com November 2023
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