- Share of expertise with private and public partners in the Middle East: How do Urban Development Specialists build the sustainable cities of tomorrow?
United Arab Emirates: Real estate opportunities in France’s second largest city, Marseille, will be highlighted at Expo 2020 Dubai, United Arab Emirates by Euromediterranee, a public urban and economic development agency (also known as EPAEM). EPAEM, which is currently managing the development work for the sustainable Mediterranean city of tomorrow, will host an event dedicated to opportunities for investors from the Middle East on the French flag at Expo, to Thusday, November4 during the sustainable city week.
Built on an area of ââ480 hectares, in the heart of Marseille, the development project that will be presented at Expo 2020 Dubai, UAE brings together Publicservices, retail, desks, lodging, transport and car parkinfrastructure, Publicparks and much more to create a new way of living.
Home to the first French port and the third largest oil port in the world, the city of Marseille is home to four million square meters of various developments in progress, led by EuromÃ©diterranÃ©e.
In line with UAE’s vision of developing multiple smart and sustainable cities to improve quality of life, EPAEM would like to present its vision of a sustainable city at Expo 2020 Dubai, UAE, through its urban renewal and economic development project, which is the largest in southern Europe. The national-level entity supported by the French government is also delighted to share its expertise in urban development with private and public actors in the United Arab Emirates on how to build the sustainable cities of tomorrow.
Located at the heart of a strategic & historic city, influential for its commercial exchange platform which links European, African and Middle Eastern markets, EuromÃ©diterranÃ©e has been designing, developing and building a global model of a sustainable Mediterranean city for 25 years. .
To publicize these features, Hugues Parant, CEO of EPAEM declared: âOur team of experts will participate in Expo 2020 in partnership with Business France Middle East to present the renewal project, one of the first to have obtained âEcoCiteâ in France, a label which serves as the city’s main laboratory for urban planning, innovative services and technologies. solutions to achieve goals such as connectivity, convenience, improved quality of life, profitability and environmental performance. Home to more than 5,300 companies and 45,200 jobs, EuromÃ©diterranÃ©e is today the third largest business district in France, with ongoing investment and real estate development opportunities reaching 4 M mÂ².
Major international investors in the project, among others, include: Principal Real Estate, KKR, Amundi, Swiss Life, JP Morgan, Hammerson, Real IS, Deutsche Bank, AXA, PGIM and Union Invest.
The Marseille metropolis is also home to CMA CGM, Interxion, Expedia, Infosys, Airbus Helicopters, Thales, ST Microelectronics, ITER and many other international players.
For 25 years, the Agence d’AmÃ©nagement Urbain EuromÃ©diterranÃ©e (EPAEM) has been designing, developing and building the sustainable Mediterranean city of tomorrow in the heart of the Aix-Marseille-Provence metropolis. EuromÃ©diterranÃ©e received the âEco-CitÃ©â label in 2009 and offers an activity zone of 480 ha which serves as a unique experimental laboratory for testing innovative solutions, services and systems which will become an integral part of this sustainable city.
Business France Middle East
Â© Press release 2021