Paragon real estate developments signs a Pre-Award Agreement with Schneider Electric Egypt to build state of the art, multi-use buildings in its flagship project Paragon 1 Admin Building in the NAC.
In light of Paragon’s participation in the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change – COP27, Paragon real estate developments and Schneider Electric Northeast Africa and Levant have signed a pre-award agreement at Schneider Electric’s Sustainability Hub, at The Central Park of Sharm El Sheikh, 15 minutes’ drive from the COP27 Green Zone,. This falls in line with Paragon real estate developments strategy to embark on extending its investments and build a state of the art, multi-use buildings, incorporating the newest technology ideas and features, to become the flagship of innovation, and IOT Technology that nurture the advanced knowledge. This is in collaboration with Schneider Electric, the global leader in the digital transformation of energy management and automation, to supply its advanced technologies to the Paragon 1 Admin building project, in partnership with a broad range of industrial and commercial customers to design and stream advanced technologies and solutions in energy management and process automation. This is meant to improve the safety, reliability, efficiency, connectivity and sustainability of the critical infrastructures in todays and future cities.
The cooperation is envisioned to Award Paragon Developments Egypt customized packages utilizing Schneider Electric’s knowledge and expertise and using its EcoStruxure, its IoT-enabled architecture and platform in the field of Smart Buildings to manage critical infrastructure such as Electricity, HVAC, Water, Gas, Data networks, Data Centers, Data Center Infrastructure Management software (DCIM). This is driven by Schneider Electric’s previous successful experiences to design a proven concept for iconic, smart and sustainable buildings. Paragon 1 is aiming to be the model in the country and the region of a future city, all this while considering the particularities of Egypt economic, climatic and socio-cultural environment.
Schneider Electric is a global leader in the digital transformation of energy management and automation that offers a diverse set of products that include low and medium-voltage products and systems, building automation and control, and industrial automation and control among others. On a solutions level, Schneider Electric provides cutting-edge technologies through its EcoStruxure platform that caters to the demands of homes and business across the different type of buildings. Schneider Electric is committed on making energy safe, reliable, & and efficient.
For his part Eng. Bedeir Rizk CEO of Paragon Real estate developments said: “We as Paragon developments, aspire to bringing in the latest means of technology, while adhering to the optimal sustainability standards, to give our clients an unprecedented experience while preserving energies and maximizing the safety measures to the all-out.”
“Sustainability turns out to be the focal point of urban planning and real estate development nowadays, as a result of the SDGs being one of the forces behind the development of smart cities.
Egypt has experienced substantial growth in smart 4th generation cities over the past couple of years as a result of its national policy. To provide best quality for residents while reducing the impact on the environment, developers must now adopt the newest technologies and sustainability practices.”
“This is why we as Paragon, have selected Schneider Electric’s EcoStruxureTM IoT-enabled platform, as it delivers Innovation at Every Level from Connected Products to Edge Control, and Apps, Analytics and Services, on 5 domains of expertise – Power, IT, Machine, Plant and Grid, thus, complies with our approach of delivering enhanced value around safety, reliability, operational efficiency, sustainability, and connectivity to people.”
Commenting on the signing, Sebastien Riez, Cluster President of Schneider Electric Northeast Africa & Levant, said “Schneider Electric puts sustainability at the core of its operations. As Egypt moves forward with its sustainability plan through 4th generation’s cities, we aim to help real estate developers fulfill their strategy and vision by expanding in sustainable smart cities with best-in-class quality through our cutting-edge technological solutions.”Eng. Fouad Zayed – Digital Energy Management and EcoStruxure Vice President, Schneider Electric Northeast Africa, and Levant said “The adoption of digital transformation solutions has become a top priority for governments, communities and businesses, given the undeniably key role it plays in supporting sustainability and improving operational efficiency of utilities by deploying state-of-the-art cloud computing, big data and AI technologies, among others. EcoStruxure™ is an open digital platform that meets different needs across all sectors, with the real estate forefronting these sectors. We are proud today to sign a Memorandum of Understanding with Paragon Real Estate Development to provide our services, geared towards achieving optimum sustainability levels in the operations of their real estate assets.”
The pre award includes a group of local and global experts from Schneider Electric Egypt being assigned to cooperate with Paragon Developments head committee to finalize the technical requirements for certain packages, until final approvals of the commercial agreements before starting manufacturing through the cycle of the project.