KONE Egypt and Paragon Developments Collaborate to Create Smart, Modern, and Sustainable Mixed-Use Spaces in Egypt

 KONE, the global leader in the elevator and escalator industry, announced a strategic partnership with PARAGON Developments, a company specializing in developing smart and sustainable mixed-use spaces. The partnership was announced during a special event hosted by the Finnish Ambassador to Egypt at her residence in Cairo, attended by representatives from both companies and a number of clients and partners. This collaboration aims to combine KONE's global expertise in people mobility solutions with Paragon's vision to create modern and sustainable mixed-use spaces that meet the future business demands of the Middle East and North Africa region.

Paragon Developments is at the forefront of introducing the concept of smart and sustainable mixed-use spaces in Egypt, developing LEED-certified buildings in the New Administrative Capital and other strategic locations. Through its collaboration with KONE and a number of partners, Paragon is integrating advanced energy management systems and environmentally conscious designs into its various projects. This aligns with Egypt's Vision 2030 and its sustainability and environmental protection goals, and supports companies' transformation towards modern, energy-efficient work environments.

Thanks to KONE's advanced elevators and escalators, these projects will provide smarter, safer, and more efficient mobility solutions, benefiting employees, visitors, and all users. This approach directly supports multinational corporations (global companies) seeking workspaces that align with global carbon neutrality goals and environmental, social, and governance (ESG) sustainability standards, while providing energy efficiency and improving environmental quality.

The collaboration between the two companies aims to achieve a set of strategic objectives that keep pace with future requirements, foremost among which is supporting sustainability by reducing energy consumption and mitigating environmental impact through KONE's eco-friendly solutions. The collaboration also focuses on promoting the concept of smart and connected buildings, leveraging artificial intelligence technologies, cloud-based monitoring solutions, and predictive maintenance to ensure more efficient operation and increased safety levels. This complements Paragon's vision of providing advanced workspaces that enhance productivity, support employee well-being, and foster an environment that encourages collaboration and innovation.

Engineer Ahmed Fathy, General Manager of KONE Egypt, expressed his pride in partnering with Paragon Real Estate Development to develop mixed-use spaces that reflect the concepts of innovation and sustainability. 

He said, "This partnership contributes to the creation of renewable and sustainable spaces in Egypt through advanced people flow solutions, KONE's AI-enabled elevators and escalators, and our 24/7 connected services, providing a seamless, safe, and valuable experience for businesses and individuals."

For his part, Engineer Badir Rizk, CEO of Paragon Real Estate Development, said, "This partnership with KONE embodies Paragon's innovative vision of creating mixed-use projects that reshape the concept of urban development in Egypt. We are not just providing buildings, but renewable spaces that combine work, life, and daily needs in one integrated environment." He added, "By integrating KONE's smart solutions, we create a smoother and more efficient mobility experience, setting new standards for future-proof mixed-use projects that serve the needs of the community."

This collaboration embodies KONE's rich Finnish heritage and its ongoing commitment to bringing the latest, most modern elevator and escalator technologies to the Egyptian market. Through its partnership with Paragon, the company is helping to set new standards for smart, safe, and sustainable mixed-use projects that meet the needs of the present and meet the aspirations of future generations.