Qatar-based Gulf Organization for Research and Development (GORD) and GV Investment Group have signed a memorandum of understanding (MoU) to cooperate in applying the standards of the Global Sustainability Assessment System (GSAS) and promoting sustainable solutions in Egypt.
Under the MoU, the Gord and GV Group will cooperate in several areas aimed at accelerating climate action and promoting a sustainable urban environment in Egyptian society, with a focus on applying the GSAS standards in the city of Tarboul, the largest industrial city in Egypt.
Through the agreement, the partnering entities will also collaborate on capacity building and knowledge sharing to encourage an industry-wide transition to low-carbon solutions and green building practices.
“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. 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.”
Additionally, GV Investments Group will work towards the adoption of GSAS as a green building standard in Tarboul Industrial City in Egypt, which will work in achieving the city’s green status.
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.
Speaking on the occasion, Mr. Sherif Hamouda, Chairman of GV Investments Group commented that, “GORD will be our strategic partner for Tarboul Industrial City, which is 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.”
Related: Global Carbon Council & Egyptian Exchange sign MoU to promote climate actions