Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Schneider Electric and Tatweer Misr: Partnership shaping future of real estate in Egypt
Published in Daily News Egypt on 21 - 08 - 2023

The Egyptian real estate market has experienced remarkable growth in recent years and unprecedented urban development coupled with a focus on sustainability and digitization. The government has set an ambitious target to double the urban area from 7% to 14% by 2052 with a strong emphasis on sustainable and smart solutions. As a result, smart cities have seen significant development.
Partnerships play a crucial part in accelerating digital transformation and sustainability in the local real estate market. The partnership between Schneider Electric, the leading company in the digital transformation of energy management and automation, and Tatweer Misr, a leading real estate developer, exemplifies the concept of Partnerships of the Future in the private sector. Both companies share a clear strategy and determined plan to expand the use of technology, achieve sustainability, and reduce carbon emissions. Aligning with its six long-term sustainability commitments that identify local partnerships as a key pillar, Schneider Electric aims to become the preferred digital partner for real estate developers seeking to use technology and achieve sustainability.
Tatweer Misr, on the other hand, is vocal about building smart, sustainable, and happy communities. Stemming from its belief that sustainability is no longer a luxury, but rather an urgent necessity, Tatweer Misr relies on technology to build and manage the infrastructure of its projects to increase energy efficiency, preserve natural resources, and reduce pollution.
This significant partnership originated in 2019 when both companies chose Schneider Electric's EcoStruxure platform to execute and manage the smart infrastructure of Tatweer Misr's projects. Building upon this successful partnership, both companies signed another MoU to utilize the iTWO platform, created by Schneider Electric's RIB Software, as one of the market's most efficient solutions to manage their real estate projects. This agreement positions Tatweer Misr as the first real estate developer across the MENA region to introduce Schneider Electric's latest cutting-edge technologies in all their projects: Il Monte Galala in Ain Sokhna, Fouka Bay and D-Bay in North Coast, Bloomfields in Mostakbal City, Rivers in New Zayed, as well as future projects.
Schneider Electric's iTWO platform introduces a unique concept that combines the virtual and real-world construction processes through 5D BIM simulation. This allows for the real-time study of every aspect of Tatweer Misr's projects, providing insights into the needed resources, costs and timelines. This innovative approach leads to a more productive, sustainable, and cost-effective construction process, helps developers commit to the contractual delivery dates, and offers customers a virtual experience of the project throughout its life cycle.
During COP27, held in Sharm El Sheikh last November, Schneider Electric and Tatweer Misr signed a new MOU, marking a significant milestone in their ongoing partnership. According to the agreement, Schneider Electric will provide smart building solutions for Tatweer Misr's administrative building in Sheikh Zayed City, primarily utilizing the EcoStruxure platform to achieve energy efficiency and sustainability in line with global best practices. Powered by IoT technology and cloud computing, this platform empowers operations and maintenance, utility, and electrical engineers to monitor and control vital infrastructure facilities, ushering in a new era of smart infrastructure and future cities in Egypt.
Schneider Electric's diverse suite of smart management systems and software caters to various real estate projects, including residential, administrative, commercial, and industrial properties. These solutions enable efficient management of power, water, natural gas, data centers, traffic, security, and surveillance systems within these projects. The partnership between Schneider Electric and Tatweer Misr serves as a case study, demonstrating how collaborations can achieve the highest levels of safety and comfort for residents while ensuring energy efficiency, lower carbon emissions, and sustainability practices for a better future.


Clic here to read the story from its source.