For around 12 years, Egypt's prominent real estate expo, Cityscape, has stood as a pivotal gathering for both investors and developers. This yearly four-day event provides a platform for clients to capitalize on investment prospects presented by leading real estate firms. These companies vie to showcase their projects' distinctive attributes and amenities to potential clients.
In an era where environmental consciousness is at the forefront of global concerns, companies that prioritize sustainability and foster trust among their clients are paving the way for a brighter and more responsible future.
While carbon reduction efforts may not necessarily generate higher investment returns, they will play a prominent role in preserving asset value as occupiers increasingly shy away from properties with subpar environmental performance.
The real estate sector is one of the main causes of global warming, as the report issued by the Intergovernmental Panel on Climate Change indicated that 38% of energy-related carbon dioxide emissions come from buildings, 28% from operational emissions, and 10% from building materials and construction activities. Therefore, the expansion of green urbanization, the sustainability of real estate, and the endeavor to reduce carbon emissions have become a global trend, as a major solution to confront the continuous environmental changes.
Eyes were on Egypt in November during the hosting of the United Nations Climate Change Conference (COP27), which attracted a huge global audience. In the major event, Egypt showcased a myriad of sustainable and environmentally-aware projects. The event concluded with a range of recommendations to cut carbon emissions.
CCC participated in implementing industrial plants, high-quality buildings, highways and roads, heavy civil construction for power plants, and oil and gas pipelines.
With the built environment driving close to 40% of global carbon emissions, green real estate is an unequivocal way to abate the climate crisis, and a key priority for future investments.
The global gathering, however, is an opportunity to showcase unity against an existential threat that can be overcome through concerted action and effective implementation.
The real estate sector is one of the key contributors to global warming, as the sector accounts for 40% of the world’s carbon dioxide emissions, according to Forbes.
Kerten Hospitality’s Chief Experience Officer Antony Doucet gives snippets of Kerten Hospitality’s philosophy on mixed-use and community centric destinations where personalized experiences remain at the centre of each product. Creating ESG-focused concepts with a purpose as well as the group’s boutique and personalized approach were some of the topics Doucet shares with Invest Gate
