On Thursday, Alexandria is witnessing the inauguration of the first international environmentally friendly sustainable project, “The Rise”, within the framework of the presidential initiative “Go Green,” to give global attention to sustainable environmentally friendly projects.

Chairman of the General Authority for Investments in Alexandria, Osama Aboul Magd, will witness the signing of a cooperation protocol during the celebration of the launch of the project with MGM Holdings-UK and Al Raya Investment.

Aboul Magd said that the joint cooperation comes within the framework of the Egyptian-English cooperation, adding that MGM Holdings is working on plans for the building, which are in the early stages of development.

The protocol aims to develop a vision for a sustainable, results-oriented approach to building a network that has a positive impact on ctizens, biodiversity and climate.

“The Rise” will be the first environmentally friendly project in Alexandria, setting new standards for low energy use and carbon emissions and its impact on natural resources. It applies the latest modern technologies and international standards for environmentally friendly green buildings, by harnessing solar energy, wind energy and thermal cooling to reduce water use and treatment, and provides green spaces, which creates a vibrant and unique identity for the project.