China’s Evergreen to cooperate in building Cairo’s smart parking garages

Cairo Governorate has signed Monday a memorandum of understanding with China’s Evergreen Industries Holding Group.

Upon the MOU, Evergreen shall cooperate in the establishment and management of smart parking garage system in Cairo.

Evergreen Holding Group (EHG) is a global enterprise with a particular focus on development and investment in the ship building, the oil, gas and offshore engineering, natural resources and deep-water logistics industries. Currently, the Group has about 25,000 employees worldwide. In 2012, the Group has achieved annual gross revenue of 21.3 billion RMB, income of 13.5 billion RMB and was ranked as one of China’s top 500 enterprises.