In line with its effort to support digital transformation and the development of smart cities, Schneider Electric, the leader in the digital transformation of energy management and automation, signs a memorandum of understanding (MoU) with Tatweer Misr, a leading real estate developer in Egypt, to integrate technological innovation, starting from the design till the smart management phase of the project.
The partnership will allow the pioneering developer to utilize the iTWO platform, established 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 unveil Schneider Electric’s latest cutting-edge technologies in all their projects; Il Monte Galala in Ain Sokhna, Fouka Bay and D-Bay in the North Coast, and Bloomfields in Mostakbal City, New Cairo.
Industry sources revealed that the signing event was held during Schneider Electric’s Innovation Summit the Middle East and Africa (MEA), taking place in Dubai on the 18th and 19th of May 2022, and was attended by industry leaders, technology experts, government decision-makers discussing how to leverage breakthroughs in digital transformation and intelligent software to benefit their business as well as contribute to a Net Zero sustainable future.
Fouad Zayed, Vice President of Digital Energy & EcoStruxure for Egypt, North-East Africa and Levant Cluster, Schneider Electric stated: “The collaboration between Schneider Electric and Tatweer Misr aims to further enhance the digital transformation and smart city-building in the country. The iTWO platform enables clients to cut their operation schedules and costs, by integrating AI technology to provide simulations, making the planning of the project’s infrastructure easy and efficient.”
Dr. Ahmed Shalaby, President and CEO of Tatweer Misr, expressed his enthusiasm for the partnership, saying: “In light of today’s high-tech world, the virtual aspect is becoming increasingly important in providing a comprehensive view of the project before execution. The process of enabling 5D BIM will assist us in studying every aspect of our projects in real-time.” Shalaby added: “This collaboration is in line with our strategy to build sustainable, smart, and happy communities that provide the highest quality of life to our clients.”
Tatweer Misr added claiming that the innovative iTWO platform will enable users to blur the lines between the construction in the virtual and real worlds, providing a simulation for the project’s entire lifetime by offering 5D Building Information Modeling (BIM).