REDCON's Golden Gate Project Sets New Sustainability Standard in Egypt

REDCON Properties' Golden Gate Project in New Cairo, Egypt, has received the prestigious EDGE Advanced Preliminary Certificate for its sustainable construction practices. The project achieved energy and water savings of up to 53% and 44%, respectively, compared to conventional buildings.

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Trim Correspondents
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REDCON's Golden Gate Project Sets New Sustainability Standard in Egypt

REDCON's Golden Gate Project Sets New Sustainability Standard in Egypt

REDCON Properties, a leading developer of mixed-use communities, has announced that its Golden Gate Project in New Cairo, Egypt, has been granted the prestigious EDGE Advanced Preliminary Certificate for its commitment to sustainability and environmentally conscious construction practices. The project has achieved substantial energy and water savings of up to 53% and 44%, respectively, compared to conventional buildings.

Why this matters: This achievement sets a benchmark for sustainable development in Egypt, showcasing the feasibility of environmentally conscious construction practices in large-scale projects. As the country strives to meet its Vision 2030 sustainable development strategy, this project's success can inspire and inform future development initiatives.

This milestone sets a new standard in Egypt for the number of buildings simultaneously receiving EDGE certification, with five buildings within the project already awarded this recognition. REDCON Properties aims to extend the same recognition to the remaining buildings in the project.

REDCON Properties remains committed to adopting the latest sustainability technologies and solutions, aligning with Egypt's Vision 2030 sustainable development strategy. The company is dedicated to setting a benchmark for real estate development, emphasizing quality and social responsibility.

Eng. Tarek El-Gamal, Chairman of REDCON Properties, stated, "The achievement of the Golden Gate project in obtaining the EDGE Advanced Preliminary Certificate is the culmination of a sustainability journey we began over 15 years ago... This direction not only reflects our commitment to environmental protection but also aims to enhance our position as a leading company in the real estate industry."

Ahmed Abdullah, Vice Chairman of REDCON Properties, added, "Green architecture and sustainable projects represent the future of the real estate market in Egypt... Obtaining this certification further strengthens our position as a leading company in this sector."

The Golden Gate project spans an area of 160,000 square meters, with an investment cost of up to EGP20 billion. It comprises 29 buildings, including commercial and administrative buildings, offering a unique shopping and entertainment experience through the Street Retail concept.

REDCON Properties was established in 2019 as the development arm of REDCON Group, specializing in mixed-use real estate projects. The company derives its heritage from 30 years of experience with REDCON Constructions, which delivered more than 200 projects, including El Alamein Towers, Maspero Towers, and Mansoura University.

The Golden Gate project's EDGE Advanced Preliminary Certificate highlights REDCON Properties' commitment to sustainability and sets a new benchmark for environmentally conscious real estate development in Egypt. With substantial energy and water savings, the project demonstrates the feasibility of green architecture in large-scale mixed-use developments.

Key Takeaways

  • REDCON Properties' Golden Gate Project in Egypt receives EDGE Advanced Preliminary Certificate for sustainability.
  • The project achieves 53% energy and 44% water savings compared to conventional buildings.
  • Five buildings in the project receive EDGE certification, a new standard in Egypt.
  • REDCON Properties aims to extend EDGE certification to remaining buildings in the project.
  • The project sets a benchmark for sustainable development in Egypt, aligning with Vision 2030 strategy.