Egyptian properties developer to invest 9 million USD in smart tech – ITP.net

Egyptian properties developer to invest 9 million USD in smart tech – ITP.net

Egypt’s Misr Italia Properties (MIP) will invest 170 million Egyptian pounds ($9 million) into state-of-the-art smart tech systems in residential and commercial projects. The statement was made by the company CEO and Managing Director.

Mohamed Hany El-Assal stated that the company is investing more 70 million pounds ($3.7 million) to develop the technological infrastructure for Cairo Business Park and over 100 million pounds ($5.3 million) for IL Bosco City, both located in New Cairo Egypt.

El-Assal said MIP is also implementing smart technologies at its 18-billion-pound ($950 million) IL Bosco project in New Administrative Capital (NAC).