Builderia Development Finalizes Contracts for PARAGON New Capital

Builderia Development Signs Three Contracts with Schneider Electric, ASSAS Construction and Space Consultants for the Construction of its flagship project, PARAGON at the New Administrative Capital.

Builderia Development announced the signing of three contracts for the construction of its New Administrative Capital-based project, PARAGON, with Schneider Electric to provide smart-building-management solutions, and Space Consultants for general project supervision and ASASS Construction as a General Contractor. The contracts were signed with the presence of Eng. Mohamed Bedier, CEO of Builderia Development and Eng. Ziad El-Hares, Managing Director of Builderia; along with Eng. Fouad Zayed, Vice President, Digital Energy, NEA & Levan, Schneider; Dr. El Khayam Medhat Dorra, Vice Chairman, Space Consultants; and Eng. Islam Onsy, General Manager, ASASS Construction.

“Builderia works towards a clear strategic vision based on leadership, innovation, and reliability since day one. Therefore, we are keen on following this vision in each step in PARAGON project as it was achieved in the planning and design phase, we made sure to incorporate our vision in the selection of the partners who will be executing our project, seeking to uphold to the highest standards of quality and punctuality in implementing our work plan” Eng. Mohamed Bedeir, CEO of Builderia, emphasized on the overarching vision of Builderia Development. The signing took place as part of Builderia’s progress with the first phase of the project, as a manifestation of the commitment to honor its promises to provide its clients with an intelligent administrative building to be the first of its type in the local market.

“Today, three leading pioneers join us, each company has a long-standing experience in its field and we hope they will assist us in achieving our vision for PARAGON to the fullest extent.” Eng. Ziad El-Hares, Managing Director of Builderia, commented on Bedeir’s remarks. He went on to clarify the roles of the new partners: “Driven by this vision, we contracted Schneider Electric to be the implementing partner responsible for providing and equipping PARAGON with the latest smart building solutions; along with ASASS Construction as general contractor, and Space Consultant for overall project general supervision.” Additionally, El Hares revealed that last October, Builderia commenced the work on the concrete structure of the building, and had sold 55% of the targeted project sales.

“As specialists in providing energy and automation digital solutions for efficiency and sustainability, we find that this aligned with Builderia’s vision and plan to introduce PARAGON as the first smart building of its type in the Egyptian market. The purpose of this cooperation is to design and build smart building concepts utilizing Schneider Electric’s knowledge and expertise,” Eng. Fouad Zayed, Vice-President, Digital Energy, NEA & Levan, Schneider Electric, expressed his aspiration for the upcoming cooperation between Builderia and Schneider Electric. According to Zayed, this will be achieved “by using Schneider’s EcoStruxure architecture and platform in the fields of smart technology managing critical infrastructures such as: overall facilities to command operations and control center.

“Taking part in achieving Builderia’s ambitious plans and turning its innovative concept of PARAGON into a reality is an attractive challenge indeed.” Eng. Islam Onsy, General Manager of ASASS Construction commented, he continued: “We have confidence in our ability to execute these plans and introduce a building in line with this vision, adding a much needed value to the business community in the New Administrative Capital. We plan to utilize the entirety of our expertise and resources to introduce an exemplary model in the administrative buildings market in Egypt.” ASASS Construction, signed as the general contractor for the construction and finishing works in PARAGON, sustained a proven successful record of accomplishments since its launch in 2011, securing a well-deserved position among the leading firms in its field in Egypt, GCC and Africa.

Dr. El Khayam Dorra, Vice Chairman of Space Consultants, expressed his delight to cooperate with Builderia, “We at Space Consultants are thrilled to join PARAGON team, as we are eager to start this journey with Builderia and look forward to build a lasting relationship during this project and beyond.” Space Consultants was selected for the overall project management for their long, broad experience with the development industry since 1979, with a portfolio of over 2000 projects locally, regionally, and internationally, spanning major institutional and corporate projects, resort complexes, hotels, retail and office developments, trading facilities, educational and residential buildings.

PARAGON is Builderia’s first smart project in the local market with investments of over half billion EGP. Situated in the Business District at the heart of the New Administrative Capital, PARAGON is constructed on a total area of 4,300 m2 and a built-up area of 23,000 m2. The project consists of a two-story parking, a ground floor, and 7 floors. PARAGON utilizes state-of-the-art technology to bring the latest smart office solutions to Egypt, aspiring to enable all businesses to operate effectively with higher productivity while providing all means for comfort, luxury and entertainment. The project is planned to be completed by the end of 2022.

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