- Share of Expertise with private & public partners of the Middle East: how Urban Developement Specialists build the sustainable cities of the future?
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). The EPAEM, which is currently handling development works in the sustainable Mediterranean city of tomorrow, will host an event dedicated to opportunities for Middle Eastern Investors on the France Pavilion at Expo, on Thursday, November4 during the Sustainable City week.
Built over an area of 480 hectares, right in the center of Marseille, the development project to be introduced during Expo 2020 Dubai, UAE brings together publicservices, retail, offices, housing, transport and parkinginfrastructures, publicparks and much more to create a new way of living.
Marseille, 5th largest digital hub in the world, connecting 4.5 billion internet users across continents
Home to the first French port and the third largest oil port worldwide, the city of Marseille hosts a four million square meters of diverse developments under way, conducted by Euromediterranee.
In line with the UAE’s vision to develop several smart sustainable cities to improve the quality of life, EPAEM is keen on introducing its vision of a sustainable city during Expo 2020 Dubai, UAE, thanks to its urban renewal and economic development project which is the largest in southern Europe. The national level entity supported by the French government, also looks forward to share its urban development expertise with private and public players in the United Arab Emirates on how to build the sustainable cities of the future.
Located at the heart of a strategic & historic city, influent for its trade exchange platform that connects the European, African and Middle East markets, Euromediterranee has been designing, developing and building a comprehensive model for the Mediterranean sustainable city for a duration of 25 years.
To raise awareness about these features, Hugues Parant, CEO of the EPAEM stated : “Our experts team will attend Expo 2020 in partnership with Business France Middle East to introduce the renewal project, one of the first to be awarded ‘EcoCite’ in France, a label that serves as a primary city lab for urban planning, innovative services and technologies solutions to meet objectives such as connectivity, convenience, improving quality of life, cost efficiency and environmental performance. Home to over 5,300 businesses and 45,200 jobs, Euromediterranee is now the third largest business district in France, with ongoing real estate investment and development opportunities reaching 4M sq. m.”
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 Euromediterranee Urban Development Agency (EPAEM) has been designing, developing and building the sustainable Mediterranean city of the future in the heart of the Aix-Marseille-Provence Metropolis. Euromediterranee received the “Eco-Cite” label in 2009 and offers a 480-ha (1,200-acre) activity area that serves as a unique experimental laboratory for testing innovative solutions, services and systems that will become an integral part of this sustainable city.
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