Latest news with #Innovo
Zawya
07-04-2025
- Business
- Zawya
Innovo Group to launch two real estate projects in Egypt in 2025
UK-based Innovo Group, formerly known as Al Shafar Group, is set to launch two new real estate projects in Egypt this year, according to Mohamed Gamal, Managing Director of Innovo Egypt. The company's real estate development arm, Sky Innovo Developments, will begin construction on its debut project in the Egyptian market, Park Street Edition, immediately following the Eid al-Fitr holiday. Located in New Cairo, the project carries a construction cost of EGP 7bn. Gamal described Park Street Edition as a mixed-use development that integrates residential, commercial, and administrative spaces with a focus on wellness and sustainability. The project spans a land area of 20,000 square meters, with a total built-up area of 65,000 square meters. It marks Innovo's first foray into real estate development in Egypt, a move that aligns with the group's broader expansion strategy both locally and internationally. Speaking during a company press conference, Gamal highlighted Innovo Egypt's ambitious plans for growth in the real estate sector, citing Egypt's stable economic climate and attractive investment environment as key drivers behind its decision to deepen its presence in the country. Innovo's business footprint in Egypt has already surpassed EGP 42bn, with operations covering construction, infrastructure, real estate development, project financing, management, and strategic investments. The company has delivered numerous high-profile projects for both the public and private sectors. These include contracts with the New Urban Communities Authority and the Urban Development Fund, as well as 12 developments for Emaar Misr. Gamal also revealed that Innovo is exploring opportunities to participate in construction work for the Ras El-Hekma development, a mega project along Egypt's North Coast. As part of its broader diversification strategy, Innovo is planning to enter new sectors in Egypt, including data centers and the industrial sector. The company is currently studying multiple opportunities to undertake infrastructure and interior fit-out work for data center projects, as well as assess potential investments in industrial developments. In line with global sustainability trends, Innovo has also intensified its focus on environmentally responsible building practices. In late March, the company announced a strategic partnership with the Egypt Green Building Council (EGBC) to promote sustainable development across the real estate and construction sectors. This collaboration is aimed at advancing energy-efficient construction techniques, reducing carbon emissions, and enhancing the overall sustainability of urban development projects in Egypt.
See - Sada Elbalad
26-03-2025
- Business
- See - Sada Elbalad
Innovo Wins Athar Award For Excellence In Sustainability And CSR Practices
Nada Mustafa Innovo is proud to announce we have been presented with an Athar Award (Impact Award) by the Egypt CSR Forum. The Award for Excellence in Sustainability and CSR Practices recognises Innovo as an Impact Creator for Outstanding Contributions to a Sustainable Future. The Athar Awards honour organisations and individuals that demonstrate a transformative impact in environmental stewardship and social responsibility in Egypt. Innovo's commitment to sustainability is reflected in its track record of environmental innovation and its engagement in community-driven projects that create lasting value for society. Mohamad Gamal, Managing Director, Innovo Build Egypt commented on the win, "What an honour to receive this Athar Award, which serves as recognition of our team's dedication to sustainability. This award motivates us to continue pushing the boundaries of innovation in both our sustainability efforts and CSR programmes." Mostafa President of Egypt CSR and Sustainable Development Forum said "Innovo has set a standard in the industry through its unwavering commitment to sustainability and social responsibility. Inovo's innovative approach and community projects are exemplary, and we are proud to recognize their outstanding contributions to a sustainable future." Innovo is committed to advancing sustainability through a range of initiatives integral to its core business. This includes the promotion of energy-efficient construction methods, waste reduction in building processes and the development of environmentally conscious projects. The company also focuses on empowering local communities and ensuring that its impact extends beyond the built environment to create lasting value for society. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Ireland Replaces Former Israeli Embassy with Palestinian Museum News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
Zawya
28-02-2025
- Business
- Zawya
Johnson Controls Arabia secures $90mln Egypt VRF deal
Egypt - Johnson Controls Arabia (JCA), a global leader in smart, healthy, and sustainable building solutions, has announced its significant contribution to the Variable Refrigerant Flow (VRF) Project in Egypt's New Administrative Capital. Situated in the R5 Zone of Egypt's New Administrative Capital, this milestone project underscores JCA's leadership in delivering innovative, energy-efficient HVAC solutions to support Egypt's forward-looking urban development plans, the company said. With a total project value exceeding $180 million, Johnson Controls Arabia has secured a $90 million share, supplying and installing more than 11,000 advanced York VRF units across 138 buildings. The project provides an impressive total cooling capacity of 140,000 tons, reflecting JCA's commitment to cutting-edge technologies that drive energy efficiency on a global scale. For years, JCA has been at the forefront of manufacturing HVAC systems incorporating VRF technology at its advanced manufacturing facility in King Abdullah Economic City (KAEC). These systems have been successfully deployed in projects across Saudi Arabia and beyond, delivering energy-efficient and flexible cooling solutions tailored to diverse needs. This extensive experience has positioned JCA as a trusted partner in large-scale, high-profile projects such as the New Administrative Capital, further solidifying its reputation for excellence in sustainable innovation, the company said. During a recent visit to Zone R5, Innovo's area within the development, Dr Mohanad AlShaikh, CEO of Johnson Controls Arabia, met with key stakeholders, including Innovo, Medcom, and Marasem, to reinforce JCA's commitment to delivering excellence. These partnerships, formalised through memorandums of understanding (MoUs), highlight the collaborative approach driving the project's success, it said. Dr AlShaikh stated: "This project is a testament to Johnson Controls Arabia's dedication to advancing energy-efficient cooling technologies on a global scale. The New Administrative Capital is a true example of regional progress, and we are honored to play a pivotal role in its development, delivering over 140,000 tons of cooling capacity through our industry-leading YORK VRF solutions." The R5 VRF project, part of the New Administrative Capital's ambitious plans, serves 22,000 apartments with a total cooling capacity of 280,000 tons, cementing its place as a landmark initiative in the global HVAC industry. Dr AlShaikh added: "Our long-standing expertise in VRF technology has been integral to this project's success. By partnering with Innovo, Medcom, and Marasem, we are committed to delivering exceptional value, energy efficiency, and long-term partnerships through our YORK VRF solutions." As Egypt's New Administrative Capital continues its expansion, Johnson Controls Arabia remains steadfast in its mission to provide sustainable, energy-efficient solutions for modern urban development. This landmark project reinforces JCA's leadership in shaping the cities of tomorrow, with technology and innovation at its core, the company added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-02-2025
- Business
- Trade Arabia
Johnson Controls Arabia secures $90m Egypt VRF deal
Johnson Controls Arabia (JCA), a global leader in smart, healthy, and sustainable building solutions, has announced its significant contribution to the Variable Refrigerant Flow (VRF) Project in Egypt's New Administrative Capital. Situated in the R5 Zone of Egypt's New Administrative Capital, this milestone project underscores JCA's leadership in delivering innovative, energy-efficient HVAC solutions to support Egypt's forward-looking urban development plans, the company said. With a total project value exceeding $180 million, Johnson Controls Arabia has secured a $90 million share, supplying and installing more than 11,000 advanced York VRF units across 138 buildings. The project provides an impressive total cooling capacity of 140,000 tons, reflecting JCA's commitment to cutting-edge technologies that drive energy efficiency on a global scale. For years, JCA has been at the forefront of manufacturing HVAC systems incorporating VRF technology at its advanced manufacturing facility in King Abdullah Economic City (KAEC). These systems have been successfully deployed in projects across Saudi Arabia and beyond, delivering energy-efficient and flexible cooling solutions tailored to diverse needs. This extensive experience has positioned JCA as a trusted partner in large-scale, high-profile projects such as the New Administrative Capital, further solidifying its reputation for excellence in sustainable innovation, the company said. During a recent visit to Zone R5, Innovo's area within the development, Dr Mohanad AlShaikh, CEO of Johnson Controls Arabia, met with key stakeholders, including Innovo, Medcom, and Marasem, to reinforce JCA's commitment to delivering excellence. These partnerships, formalised through memorandums of understanding (MoUs), highlight the collaborative approach driving the project's success, it said. Dr AlShaikh stated: "This project is a testament to Johnson Controls Arabia's dedication to advancing energy-efficient cooling technologies on a global scale. The New Administrative Capital is a true example of regional progress, and we are honored to play a pivotal role in its development, delivering over 140,000 tons of cooling capacity through our industry-leading YORK VRF solutions." The R5 VRF project, part of the New Administrative Capital's ambitious plans, serves 22,000 apartments with a total cooling capacity of 280,000 tons, cementing its place as a landmark initiative in the global HVAC industry. Dr AlShaikh added: "Our long-standing expertise in VRF technology has been integral to this project's success. By partnering with Innovo, Medcom, and Marasem, we are committed to delivering exceptional value, energy efficiency, and long-term partnerships through our YORK VRF solutions."
Zawya
27-02-2025
- Business
- Zawya
Johnson Controls Arabia secures $90mln share in record-breaking $180mln VRF project in Egypt's New Administrative Capital
Johnson Controls Arabia (JCA), a global leader in smart, healthy, and sustainable building solutions, proudly announces its significant contribution to one of the world's largest Variable Refrigerant Flow (VRF) projects. Situated in the R5 Zone of Egypt's New Administrative Capital, this milestone project underscores JCA's leadership in delivering innovative, energy-efficient HVAC solutions to support Egypt's forward-looking urban development plans. With a total project value exceeding $180 million, Johnson Controls Arabia has secured a $90 million share, supplying and installing more than 11,000 advanced YORK VRF units across 138 buildings. The project provides an impressive total cooling capacity of 140,000 tons, reflecting JCA's commitment to cutting-edge technologies that drive energy efficiency on a global scale. For years, JCA has been at the forefront of manufacturing HVAC systems incorporating VRF technology at its advanced manufacturing facility in King Abdullah Economic City (KAEC). These systems have been successfully deployed in projects across Saudi Arabia and beyond, delivering energy-efficient and flexible cooling solutions tailored to diverse needs. This extensive experience has positioned JCA as a trusted partner in large-scale, high-profile projects such as the New Administrative Capital, further solidifying its reputation for excellence in sustainable innovation. During a recent visit to Zone R5, Innovo's area within the development, Dr. Mohanad AlShaikh, CEO of Johnson Controls Arabia, met with key stakeholders, including Innovo, Medcom, and Marasem, to reinforce JCA's commitment to delivering excellence. These partnerships, formalized through Memorandums of Understanding (MoUs), highlight the collaborative approach driving the project's success. Speaking on the occasion, Dr. AlShaikh stated: "This project is a testament to Johnson Controls Arabia's dedication to advancing energy-efficient cooling technologies on a global scale. The New Administrative Capital is a true example of regional progress, and we are honored to play a pivotal role in its development, delivering over 140,000 tons of cooling capacity through our industry-leading YORK VRF solutions." The R5 VRF project, part of the New Administrative Capital's ambitious plans, serves 22,000 apartments with a total cooling capacity of 280,000 tons, cementing its place as a landmark initiative in the global HVAC industry. Dr. AlShaikh added: "Our long-standing expertise in VRF technology has been integral to this project's success. By partnering with Innovo, Medcom, and Marasem, we are committed to delivering exceptional value, energy efficiency, and long-term partnerships through our YORK VRF solutions." As Egypt's New Administrative Capital continues its expansion, Johnson Controls Arabia remains steadfast in its mission to provide sustainable, energy-efficient solutions for modern urban development. This landmark project reinforces JCA's leadership in shaping the cities of tomorrow, with technology and innovation at its core.
