GV Real Estate Development inks a memorandum of understanding and a framework agreement with Schneider Electric and TAQA Arabia to integrate innovative technological solutions in its property projects, Invest-Gate reports.

The two agreements are signed on the sidelines of the 27th United Nations Climate Change Conference (COP27), which is being held from November 6th to 18th in Sharm El-Sheikh.

Under the MoU with Schneider Electric, the company will provide GV Real Estate with technical solutions, including Ecostruxure and Aveva.

Meanwhile, the agreement with TAQA Arabia allows for the provision of integrated solutions at GV’s Tarboul project.

Both agreements aim to offer smart and developed energy solutions in GV’s major projects, including Katameya Residence, White Sand Compound, and Tarboul.

“Through these partnerships, Schneider Electric will be our partner for smart solutions for energy management in our projects, with its customized solutions for all sectors, and support the company’s strategy in providing electrical solutions for energy management that include panels Smart, energy monitoring and control, smart circuits, consumption screens, control applications and through electrical networks that guarantee and minimize downtime and energy efficiency,” Sherif Hammouda, Chairman of GV Group, comments.

“TAQA Arabia will provide integrated solutions within the first phase of the project, specifically with regards to gas, electricity, and water desalination projects, particularly that TAQA Arabia is a pioneer in the field of energy and utility solutions,” Khaled Abu Bakr, Executive Chairman of TAQA Arabia, says.