KONE, a global leader in elevator and escalator solutions, has announced a strategic partnership with PARAGON Developments, a key player in developing smart and sustainable mixed-use projects in Egypt. The collaboration was revealed during a private event hosted by the Finnish Ambassador in Cairo, bringing together company representatives, partners, and stakeholders,Invest-Gate reports.

This partnership aims to integrate KONE’s innovative mobility technologies with PARAGON’s expertise in creating LEED-certified buildings that align with Egypt’s Vision 2030. The projects will feature energy-efficient systems, AI-powered elevators, and cloud-based maintenance, ensuring safer and smarter mobility while minimizing environmental impact.

PARAGON’s developments, especially in the New Administrative Capital, are designed to support global ESG goals and provide future-ready workspaces for multinational tenants. The integration of intelligent building systems also promotes productivity, employee well-being, and operational efficiency.

Eng. Ahmed Fathy, General Manager of KONE Egypt, stated that the partnership supports innovation and sustainability in modern urban design. Eng. Badeir Rizk, CEO of PARAGON, emphasized that these projects redefine how people live and work by blending smart infrastructure with human-centered design.

Together, KONE and PARAGON are setting new standards for smart, integrated, and sustainable urban environments.