Hamdy Ahmed _ Intro Holding Group plans to complete the implementation of the first phase of the Kemet Data Center project, scheduled to be established in the Sokhna Integrated Industrial Zone affiliated with the Suez Canal Economic Zone, by the end of 2027.
Total project investments reach $800 million .. and the center's total capacity reaches 80 megawatts
Ayman Abbas, CEO of Intro Holding Group, revealed in statements to Hapi Journal that the total investments of the project amount to $800 million, and the center's total capacity is expected to reach 80 megawatts with investments of $270 million for the first phase, which has a capacity of 15 megawatts.
Negotiations with Telecom Egypt regarding certain technical and logistical matters concerning cables and connections
The CEO stated that the group is currently in the phase of seeking project financing from financial institutions, in addition to negotiating with Telecom Egypt regarding certain technical and logistical matters concerning cables and connections.
Abbas pointed out that Intro Holding owns two projects in the real estate sector with investments ranging between EGP 40 to 50 billion, one in the Fifth Settlement and the other in Sheikh Zayed, and plans to expand in this sector and acquire land in other areas such as the North Coast and East and West Cairo with areas up to 200 feddans.
He noted that expansion in the real estate sector will be through the implementation of integrated projects that include residential, hospitality, sports, and commercial services such as restaurants and cafes.
