Redcon Properties – the newly established developer arm of Redcon Group, has signed a memorandum of understanding (MoU) with Honeywell that outlines plans to incorporate advanced smart community and sustainability solutions at the Golden Gate project in New Cairo.
The MoU provides a framework for collaboration between the companies to provide smart city and sustainability solutions along with consultation services for Golden Gate; Redcon Properties first mixed-use development.
Vice Chairperson of Redcon Properties Ahmed Abdallah said that the Golden Gate community covers an area of 160,000 sqm in New Cairo and includes five districts of mixed-use buildings, standalone offices, retail and a luxury-shopping zone.
“Demonstrating capabilities to drive sustainability initiatives for buildings, Honeywell and Egypt’s Ministry of Communications and Information Technology signed an MoU late last year to advance the energy efficiency of government buildings across Egypt,” said Ahmed Saleh, business director, Honeywell Building Technologies, North Africa. “Honeywell is committed to strategically expanding its presence in Egypt and North Africa, enabling more sustainable cities and communities.“
Operating from Cairo, Honeywell works with some of Egypt’s key government and private sector entities in the fields of smart cities, building automation, oil, and gas, refining and petrochemicals, defense, aviation, infrastructure development, logistics, security and fire safety. The company has been present in Egypt for more than 50 years and is committed to providing the best talent and technologies to support development across Egypt’s major industries.