Egypt: Property Developers to Incorporate Green Building Standards
Major real estate developers in Egypt participated in COP27 to show their desire to take a real step towards developing their construction policy and vision, and consider environmentally responsible building standards.
Construction is one of the sectors that have direct and indirect impacts on the environment. Buildings use energy, water, and raw materials, and generate waste and potentially harmful atmospheric emissions.
COP27 witnessed the launch of the Sustainable Communities Initiative: Building for Better Lives. Several real estate companies joined the initiative. It is aimed at mitigating the impact of buildings on the environment through green and sustainable standards.
In this regard, Talaat Moustafa Group (TMG) signed a strategic partnership with Schneider Electric to provide the latest technological solutions in the construction of infrastructure and facilities management for the Noor project near the New Administrative Capital.
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The agreement is in line with the application of sustainability standards and preserving the environment.
Under this partnership, TMG will apply and integrate Schneider Electric technologies and solutions in managing infrastructure systems and facilities, especially electricity, water, traffic, data centers and control centers, in the Noor project.
While Magued Sherif, SODIC’s Managing Director, said: “We are very proud and excited to be participating in COP27 this year and being a part of the climate action dialogue and exploring different opportunities for climate resilience.
"We are currently taking serious steps towards a sustainable corporate strategy, setting a long term environmental, social, and governance (ESG) plan that guides our commitment and carbon reduction targets moving forward.”
As one of many climate initiatives, SODIC’s headquarters have been 95% powered by solar energy since 2020.
CEO of Orascom Development’s El Gouna town, Mohamed Amer, commented: “Enhancing and protecting the exquisite environments of our Orascom Development communities has been an essential consideration since El Gouna’s inception 33 years ago.
Today, sustainability is more important than ever at Orascom Development as our residents and guests are increasingly adopting environmentally sustainable lifestyles in our integrated towns throughout Europe, the Middle East, and North Africa."
Khaled Abbas, Chairperson and Managing Director of Administrative Capital for Urban Development (ACUD), has held several meetings on the sidelines of his participation in the COP27.
The first meetings were with the French company Atos working in field of information technology, which is cooperating with the ACUD in establishing an entity to manage smart infrastructure for communications and data centres in the New Capital as the first fourth generation smart city.
Moreover, Abbas held a meeting with the CEO of BEEAH Group. The UAE company was contracted to offer waste disposal and recycling services at the New Administrative Capital in a smart way and using the latest equipment.
Abbas participated in the opening of the Schneider Electric Sustainability Center in the presence of the ministers of transport and environment.
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