Egypt: After COP27, property developers seek to incorporate green building standards in their projects

Egypt: After COP27, property developers seek to incorporate green building standards in their projects

Over the last two weeks, Egypt hosted the world’s largest climate summit – the 27th Conference of the Parties of the UNFCCC (COP27) – with a view to paving the way for future ambition to effectively tackle the global challenge of climate change.

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.

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.

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.

Sustainability standards

Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group (TMG), said that following sustainable standards is positively reflected on the quality of services provided to residents and visitors of TMG’s projects and contributes to creating a sustainable environment for projects.

In this regard, TMG signed a strategic partnership with Schneider Electric to provide the latest technological solutions in the construction of