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Alcatel Egypt to sign a 10- years rental contract with the Smart Village Company of Egypt

Egypt: Tuesday, July 16 - 2002 @ 18:03

Dr. Aly El Hifnaway, Chairman of the Smart Village Company and Mr. Vincenzo Nesci, Chairman of Alcatel Egypt, signed the contract.

According to the rental agreement, Alcatel Egypt will lease a total area of 6200 square meters at a prime spot of the Smart Village. The Company plans to move all its divisions including its International Service and Software Center, its Training Centers and its Middle East Regional Headquarters, during the third Quarter of next year to the new premises.

The offices will be designed in line with Alcatel global standards and will be connected with the latest state-of-the-art technology such as Alcatel high-speed voice and data networks and DSL Internet connections.

“Deciding to move all our operations in Egypt and the Alcatel Middle East Headquarters to the first Smart Village of Egypt shows the importance and confidence that Alcatel places in this ambitious project. I envision that the new offices will help facilitate the sharing of Alcatel’s expertise and experience in the market and bring all our teams together under one roof, contributing to further enhance the corporate identity and culture. This is certainly a win-win situation for all parties.” commented Vincenzo Nesci.

Earlier this year Alcatel signed a Memorandum of Understanding with the Smart Village Company to move its local office as well as its Middle East Regional Headquarters to Egypt’s First Smart Village.

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Tuesday, July 16- 2002 @ 18:03 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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