Honeywell (Nasdaq: HON) and Egyptian developer Redcon for Offices and Commercial Centers (ROCC) have entered into a Memorandum of Understanding (MoU) to collaborate on the development of a pioneering sustainable community called Golden Gate in New Cairo. The MoU outlines plans to incorporate advanced smart community and sustainability solutions, with Honeywell providing consultation services and smart city technologies for the project.
The collaboration between Honeywell and ROCC aims to set a new standard for smarter and more sustainable communities in Egypt, while aligning with the government’s urban development plans. Ahmed Saleh, Business Director of Honeywell Building Technologies, North Africa, expressed pride in the collaboration and highlighted the importance of creating a sustainable example for future communities in the region.
Golden Gate, spanning 160,000 square meters in New Cairo, will consist of mixed-use buildings, standalone offices, retail spaces, and a luxury shopping zone. The community will prioritize sustainability in its design and construction, incorporating eco-friendly materials, renewable energy solutions, water and energy efficiency measures, electric vehicle infrastructure, and other initiatives aimed at reducing its carbon footprint. The project aligns with Egypt’s sustainability goals and broader commitments to combating climate change.
Honeywell has previously demonstrated its expertise in driving sustainability initiatives for buildings, having signed an MoU with Egypt’s Ministry of Communications and Information Technology to improve the energy efficiency of government buildings across the country.
Egypt’s Vision 2030 places significant emphasis on innovation and national development, with urban expansion identified as a key component of the plan. Creating smarter cities is seen as crucial to accommodate the country’s growing population and enhance overall quality of life.
Honeywell is committed to expanding its presence in Egypt and North Africa, playing a vital role in enabling sustainable cities and communities. The company is at the forefront of digitalization efforts in industries such as airports, transportation, data centers, healthcare, commercial real estate, and hospitality.
With a longstanding presence in Egypt for over 50 years, Honeywell operates from Cairo and collaborates with key government and private sector entities. Its expertise spans various sectors, including smart cities, building automation, oil and gas, refining and petrochemicals, defense, aviation, infrastructure development, logistics, security, and fire safety.
The collaboration between Honeywell and ROCC in developing the Golden Gate community signifies a significant step towards creating sustainable and interconnected communities in Egypt, contributing to the country’s vision for a greener future.
The MoU serves as a framework for collaboration between Honeywell and ROCC, enabling Honeywell to provide advanced smart community and sustainability solutions, as well as consultation services for Golden Gate. This mixed-use development project by ROCC aims to become Egypt’s benchmark for smart communities, incorporating innovative technologies and sustainable practices.
Ahmed Saleh, Business Director of Honeywell Building Technologies, North Africa, expressed his pride in collaborating with ROCC to set new standards for smarter and more sustainable communities in Egypt. He emphasized the importance of supporting the government’s plans to enhance urban living and highlighted the role of the Golden Gate project as an example for future communities in the region.
Ahmed Abdallah, Vice Chairman of ROCC, emphasized the critical nature of the Golden Gate project and its potential to set a benchmark for more sustainable communities. He expressed excitement about collaborating with Honeywell to incorporate smart solutions into the project, creating a unique lifestyle destination and raising the bar in integrated services.
Golden Gate spans an impressive 160,000 square meters in the heart of New Cairo and consists of five districts featuring mixed-use buildings, standalone offices, retail spaces, and a luxury shopping zone. The community’s design and construction will prioritize sustainability, employing eco-friendly materials, renewable energy sources, and energy and water-efficient solutions. The inclusion of electric vehicle infrastructure and other features will contribute to reducing the overall carbon footprint of the community. Golden Gate aligns with Egypt’s sustainability goals and broader commitments to combat climate change.
