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    New Smart Village Investments

    Date published: 20 October 2005

    Prime Minister, Dr. Ahmed Nazif and Minister of CIT, Dr. Tarek Kamel witnessed the signing of a cooperation agreement between the Smart Village Development Company and Emaar whereby the UAE company will finance the construction of a convention and exhibition center erected on 220,000 km2 at an estimated cost of I billion pounds in the Smart Village.

    The agreement cosigned by Dr. Ali Ali El Hefnawy, chairman and CEO of the Smart Village Development Company, and Muhammad Al-Abbar, CEO of Emaar, aims at serving investors and Smart Village employees.

    Dr. Kamel stated the center will facilitate work and push forward cooperation with international companies to disseminate technology and increase Egyptian ICT exports. He also added it will be equipped with the state-of-the-art technology to serve the international companiesí needs.






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