Dubai firm to develop smart green cities

Inayat-ur-Rahman, Business Editor

St. Petersburg-based Investment Group, Selleh  has appointed Dubai-based Hilshaw Group to design, plan and develop a network of Smart Green Cities to mitigate the effects of Climate Change and curb the region’s Carbon Footprint.

 The Smart City network planned for Belarus, Kyrgyzstan, Georgia, Kazakhstan, Albania, and Montenegro will integrate with the formation of ‘The Pan European Green Bank.’ The Bank will function as a funding resource for Smart Green projects globally through the trading of Carbon Credits.

The sales of these carbon credits to commercial entities willing to lower their carbon footprint will be used to fund and develop the projects further and introduce more such projects globally by the formed ‘The Pan European Green Bank.’

Hilshaw Group is a Multi-Family Office & Change Management Investment Advisory. The Company primarily invests in low supply and finite assets and opportunities.

The Company has allocated $175 million towards UAE Real Estate, specifically towards the facilitation of the Remote Work Visa program to help mitigate the global post-pandemic work culture. The Group has also been appointed as the Exclusive Advisor and Financial Consultant for the $7b’ Athi River Green Smart City’ in Nairobi, Kenya. The Project was recently marked as ‘An Initiative of National Importance’ by the Country’s Ministry of Lands & Physical Planning.

“The Project has been a part of the Group’s roadmap since 2010 and was due for launch in 2019. The change in the global scenario may have delayed the launch but instead allowed us to plan more comprehensively and identify a capable partner like Hilshaw Group who have the knowledge and capability to execute our vision and help design a better future for the planet as a whole,” said Artem Rogalev, Executive Director, Selleh LLC.