Tarboul Industrial City: Discussing Projects for a Greener Economy with GV Developments

Ahmed Hamouda, Senior Investment Officer at GV Developments, explains what GV has done as an institution to create a more climate and environmentally friendly standard in its projects.

“GV is working in various sectors and one of the main sectors is energy. In the past, we have worked in waste management with our WHR project dealing with waste heat recovery. We have the desalination project all over Egypt as well. Tarboul Industrial City accumulates all our experiences in the past to put them together in a better model. To give more detail on the WHR project, it deals with waste heat coming from factories where we transfer the heat into electricity that is then used to run the factories. We are the first Egyptian company to implement this project in Egypt. For our desalination project, when we get the saltwater from the sea, the reject is 70% salt concentrated more than the sea. The Red Sea is around 30%. We take this reject, we take the excess salt, and we get it back again to the sea with a lower concentration”, says Ahmed Hamouda.

“In addition, we are working on electric vehicles because we believe this market is going to be big in the next period and it is environmentally friendly as well. In all our projects, we have smart infrastructure and we have implemented battery charging stations to enhance this market. We are planning on moving into battery manufacturing, not only for cars, but to supply electricity for homes as well. We have international partners in Korea. Currently, we have the knowhow and the R&D in Korea and the manufacturing for the batteries will be in Egypt. The manufacturing facility will be in Tarboul, specifically, where we will manufacture batteries for cars, electric vehicles, e-tuk-tuks, scooters, etc., as well as the batteries for the homes. These are the kinds of green projects that we are working on and we are working on them because we believe that the greener the economy, the better the economy”, he adds.

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