HRE Development has announced a partnership with global carbon asset manager Econetix to launch net-zero initiatives in the real estate sector.
To address unavoidable emissions, HRE will invest in high-quality carbon projects capable of removing 1 million tons of CO2 from the atmosphere.
HRE Development’s net-zero push
These projects are also aimed at uplifting local communities and supporting educational opportunities for children in need, reinforcing HRE’s holistic approach to sustainability, the company said.
Central to this initiative is HRE’s recently launched Skyhills Astra project, unveiled as a symbol of HRE’s dedication to eco-conscious construction.
The company claimed that the project is one of the UAE’s first net-zero building developments, and will combine innovative design, sustainable materials, and real climate impact.
“This Earth Day represents a milestone for HRE Development as we embark on our most ambitious journey yet,” said Wissam Breidy, CEO of HRE Development.
“Our partnership with Econetix reflects our deep commitment to going beyond construction and building with purpose. We are constructing a legacy for future generations, blending innovation, responsibility, and measurable climate impact,” he said.
Econetix, with its expertise in guiding governments and multinational corporations toward net-zero goals, viewed this collaboration as a game-changer for one of the most carbon-intensive industries globally.
“HRE’s decisive actions challenge existing norms and set a new example for real estate companies everywhere,” said Jakob Zenz, Founder of Econetix.
Zenz said the partnership sets a precedent for the industry and hoped to see more of these initiatives in the coming years.
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