Memon Investments to implement 'green technologies' in upcoming projects

In line with this, the developer has partnered with the Middle East Centre for Sustainable Development (MECSD) to ensure that 'Green Building' codes along with energy and water conservation measures will be observed in the design phase and construction of its new residential and mixed-use towers, collectively valued at over Dhs1.3bn.

As the developer's appointed body to oversee its projects' adherence to sustainability and 'green' principles, MECSD will be responsible for the registration of the projects with the US Green Building Council (USGBC), the preparation of the initial feasibility study and conducting workshops with architects, consulting engineers and project managers. In addition, the organisation will also handle the coordination for compliance with Environment, Health and Safety (EHS) and USGBC preliminary requirements, as well as provide LEED certification consultancy services for all the projects. An agreement to this effect was inked by Rizwan Shaikhani, Joint Managing Director, Memon Investments and Morris Tannen, Management Representative, MECSD.

Rizwan Shaikhani said:

"We have heeded to the call for sustainable development and the adoption of 'green' building technologies across the globe, as we witness the growth of our operations in a region where the construction sector is at an all-time high."

"Our commitment and support to the green building code being implemented across the UAE where our projects are currently being built play an integral role in the success we are seeing now, and we are firm in our stand to adhere by these environmentally-safe practices. In addition, our partnership with MECSD will only reinforce our resolve to build and offer only 'green' buildings to our esteemed and growing global clientele," he added.

With buildings identified as responsible for at least 40% of energy use in most countries, sustainable development has been generating much attention, especially within countries such as China, India and the UAE. Established to encourage the adoption of holistic, integrated approach among the stakeholders to ensure a shared responsibility and accountability towards improved energy performance, MECSD is working with leading developers such as Memon Investments to help them build 'green' buildings, which does not only have less impact to the environment, but are more cost-efficient and has a longer life cycle as well. The organisation is guided by the 'green building principles', which are focused on energy efficiency and renewable energy resources, environmental impact, resource conservation, indoor air quality and other community issues on the environment.

"We are focused on transforming the behaviour of the professionals involved in building transactions, whether in the development, operation and use of buildings by educating and motivating them to alter their course toward improved energy efficiency in buildings. We applaud the initiative shown by Memon Investments in adopting the 'green' building code -thereby reiterating their consciousness as an organisation to the perils of not being involved in this worldwide movement. We encourage other developers to follow the lead of Memon Investments by adopting global best practices to combat pollution, thereby making Dubai a healthier city in the future," concluded Morris Tannen.

Memon Investments had recently acquired five plots of land worth over Dhs228m within JVS, as part of its plans to launch five residential and mixed-use towers. Set to occupy over 190,000 sq ft in total land area, the towers will be strategically located within JVS and will incorporate the developer's signature unique concepts and world-class amenities that highlight its careful planning and design processes. Each of the five towers will also combine sophisticated design and advantageous positioning, thereby underlining Memon Investments' unwavering focus on delivering high ROI projects to regional and global investors.