PARAGON Developments and Signify Egypt Sign an MoU to Deliver Smart, Sustainable Lighting Solutions for Egypt’s Real Estate Sector

 PARAGON Developments, Egypt's leading regenerative mixed-use developer, has signed a strategic Memorandum of Understanding with Signify Egypt, the global leader in connected lighting solutions, aiming to integrate smart and sustainable lighting solutions across PARAGON’s current and future projects. This partnership is part of PARAGON’s broader mission to develop technology-enabled, smart, integrated urban environments that are aligned with sustainability and flexibility requirements and support Egypt’s Vision 2030 for green cities and innovation-driven communities.

The partnership aims to develop an integrated lighting system powered by Signify’s latest global technologies, contributing to enhanced energy efficiency, improved operational safety, and greater user comfort within smart work environments. This collaboration comes at a time when the real estate market is undergoing a rapid transformation, increasingly embracing sustainability and digitalization as two fundamental pillars for the future.

Eng. Bedeir Rizk, CEO of PARAGON Developments, stated: “Partnerships such as the collaboration with Signify are a strategic milestone towards our journey and the company's 'regenerative development' philosophy, which aims to build smart and sustainable urban systems that integrate work, living and culture into a holistic experience.

Rizk continued: “At PARAGON, we view real estate development as a responsibility that goes beyond construction, to create spaces capable of adapting to changes and reflecting a renewed urban philosophy. We integrate technology at the core of the design process, developing architectural systems focused on elevating user experience and enhancing their quality of life, while adhering to environmental sustainability standards. This collaboration serves a clear representation of our unwavering commitment to Egypt’s Vision 2030, through adopting smart and sustainable solutions at all stages of project development. It's not merely a technical cooperation—it is part of a holistic strategy to redefine real estate development standards in the Egyptian market, where technology meets design, and sustainability becomes the cornerstone of every project we undertake today and in the future.”

Mohamed Saad, CEO of Signify Africa, commented: “This collaboration marks a strategic step toward redefining the role of lighting within real estate projects, not merely as a technical component, but as an effective tool for achieving integration between innovation, sustainability, and user experience. By integrating smart lighting solutions, we can elevate the quality of life within urban communities and create an advanced living environment that reflects true concepts of well-being.

He added: “We believe that the shift toward smart, sustainable buildings begins with the details, and lighting solutions are one of the most powerful drivers of this transformation. Through this partnership with PARAGON, we reaffirm our shared commitment to utilizing the best of global technology to serve both people and the planet, while creating tangible added value for both developers and users alike.”

As part of its strong commitment to sustainability, aligning closely with PARAGON’s core values, Signify Egypt will provide Internet-connected LED lighting solutions that can reduce energy consumption by up to 80% compared to traditional systems, ensuring long-term operational efficiency. The company will also supply environmentally friendly products that are PVC-free, RoHS-compliant, and recyclable. This shared dedication to minimizing environmental impact reinforces PARAGON’s pursuit of green building standards, without compromising on design excellence or performance.

The agreement also includes plans to explore and develop several flagship projects that reflect the growing and transformative impact of this collaboration. The partnership aims to scale up smart lighting integration across the expanding portfolio of mixed-use developments constructed and managed by PARAGON, including commercial, administrative, and residential complexes in East Cairo and other areas such as the Red Sea, marking a bold step toward regional leadership in intelligent and sustainable real estate. This ambitious expansion embodies the shared vision between PARAGON and Signify towards leading the smart and sustainable real estate development landscape in Egypt and the region.