Castle Development and Schneider Electric Egypt signed a memorandum of understanding (MoU) to provide Castle Landmark compound with an energy management system.
Ahmed Mansour, CEO of Castle Development Ahmed Mansour said the MoU aims to provide innovative solutions to manage infrastructure of the project; rationalise energy consumption; and provide safe, efficient, and eco-friendly products, including solar panels, heating systems, water and natural gas networks, internet, traffic control systems, and electric vehicle charging stations.
We always strive to keep abreast on global updates in real estate development and provide the latest technologies and smart solutions in all of our products. We aim to benefit from modern innovative applications in energy management, consumption rationalisation, and environment preservation at all of the company’s projects, including Castle Landmark,” he added.
“I am very excited about our agreement with Schneider Electric Egypt, which is one of the most important and best international companies in energy management and automation, which will enhance our efforts to provide a distinct product in smart cities that have all the factors of real success. It also supports the company’s ambition to achieve environmental sustainability through efficient use of resources to ensure a healthy life for the compound’s residents,” Mansour elaborated.
Moreover, Fouad Zayed, Vice President of EcoStruxure at Schneider Electric North East Africa and Levant, said, “We always work to make a real change in our world which is in continuous development. There is a fundamental change in the field of automation and energy management as well as reducing carbon emissions that pose a great danger to the environment. We hope through cooperation with Castle to provide the best technological solutions that can be used in achieving environmental sustainability, improving use, distribution, and management of energy, and ensuring the highest levels of security. Besides, we aim to achieve the concept of smart home in its comprehensive sense in Castle Landmark.”
Currently under development by Castle Development, Castle Landmark’s area is 43 feddan and is located in R7 district in the New Administrative Capital. The project’s investment is EGP 5bn over five phases. About 70% of Castle Landmark’s electricity shall be generated from solar-powered photovoltaics. It is scheduled to be delivered by 2022.