Madinet Masr, one of Egypt’s leading urban community developers, has signed a memorandum of understanding (MoU) with Elmarakby Steel, a prominent company in the production and supply of iron and steel products, Invest-Gate reports.

The purpose of the MoU is to collaborate on a waste management strategy for construction sites, aligning with the state’s efforts to reduce carbon emissions, minimize waste, and improve environmental and economic sustainability in the construction industry.

This partnership reflects the growing global trend among companies seeking sustainable and environmentally friendly alternatives within their supply chains.

Madinet Masr is the first real estate developer to establish such a strategic partnership with Elmarakby Steel. The objective is to support suppliers that prioritize low carbon emissions in their production processes, reduce waste, and promote a closed-loop cycle in the construction industry.

Madinet Masr procures the majority of its reinforced steel rebar from Elmarakby Steel, which aligns with the company’s strategy to minimize its carbon footprint.

Additionally, Madinet Masr will encourage the collection of scrap generated from its construction sites and contractors, which will be transformed into new reinforced steel and wire rods by Elmarakby Steel. These recycled materials will then be reintegrated into the construction process.

In response to the signing of the MoU, Eng. Abdallah Sallam, President and CEO of Madinet Masr, expressed the company’s commitment to promoting sustainability across all aspects of its operations within the construction industry.

He emphasized that the partnership with Elmarakby Steel represents a significant step toward a more sustainable future for Egypt. Sallam believes this collaboration will contribute to reducing their carbon footprint and fostering the sustainable utilization of resources.