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FINANCIAL NEWS
Egypt-Capital Group signs deal to establish smart city in Cairo
23 Nov 2016
(MENAFN) Egypt-based Capital Group Properties (CGP) proclaimed that it has inked an MOU with Smart Villages Company to construct a new smart village in east Cairo.
Additionally, the project will locate in CGP”s flagship Al Burouj, with costs of USD56.7mn and will have positive impact on the country’s economy.
Moreover, smart cities act as a stimulant to the creation of job chances and new investments; while the recent Smart Village in West Cairo is a proof.
The recent smart village is a specialized complex of smart techs in the region, which is essential to establish a new one at East Cairo.
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