- Sharing 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, UAE by Euromediterranee, a public urban and economic development agency (also known as EPAEM). EPAEM, which is currently managing the development works for the sustainable Mediterranean city of tomorrow, will host an event dedicated to opportunities for investors from the Middle East on the French pavilion at Exhibitionto Thursday, November 4 during Sustainable City Week.
Built on an area of 480 hectares, in the very center of Marseille, the development project which will be presented during Expo 2020 Dubai, UAE brings together public services, retail, desks, lodging, transport and car park infrastructure, public parks and much more to create a new way of life.
Marseille, the world’s 5th digital hub, connecting 4.5 billion Internet users across continents
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 underway, led by Euroméditerranée.
In line with the UAE’s vision of developing multiple smart and sustainable cities to improve the quality of life, EPAEM is keen to showcase its vision of a sustainable city at Expo 2020 Dubai, UAE through its Urban Renewal Project and economic development which is the largest in southern Europe. The national-level entity supported by the French government, also wishes 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 in the heart of a strategic and historic city, influential for its trade platform that connects European, African and Middle Eastern markets, Euromediterranee 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 said: “Our team of experts will be present at Expo 2020 in partnership with Business France Middle East to present the renewal project, one of the first to be awarded “EcoCite” in France, a label that serves as the first laboratory of the city for urban planning, innovative services and solution technologies to meet objectives such as connectivity, convenience, improved quality of life, profitability and environmental performance. Home to more than 5,300 companies and 45,200 jobs, Euroméditerranée is today the third largest business district in France, with real estate investments in progress and development opportunities reaching 4 million m².
Key international investors in the project 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 Euromediterranean Urban Development Agency (EPAEM) has been designing, developing and building the sustainable Mediterranean city of tomorrow in the heart of the Aix-Marseille-Provence metropolis. Euroméditerranée received the “Eco-Cité” label in 2009 and offers a 480 ha business area that serves as a unique experimental laboratory to test innovative solutions, services and systems that will become an integral part of this sustainable city.
Business France Middle East
© Press release 2021