Schneider Electric signs 6 memoranda of understanding with major real estate companies in the Egyptian market to offer management solutions for smart buildings and cities in its key property projects, Invest-Gate reports.

The MoUs are signed with Tatweer Misr, Misr Italia Properties, REDCON for Offices and Commercial Centers, PARAGON Real Estate Developments, and GV Developments, on the sidelines of the United Nations Climate Change Conference (COP27).

Under the protocols, Schneider provides a package of its latest management solutions for smart buildings, on top of which EcoStruxure.

EcoStruxure is an open platform that enables interactive use in homes, buildings, data centers, infrastructure, and industries.

The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.

“Digital Transformation and efficient power consumption are intertwined paths for the future requiring further innovation to digitalize and ensure operational efficiency to make a real impact on the global efforts to combat climate change,” Sebastien Riez, North East Africa and Levant Cluster President of Schneider Electric, comments.

Bedeir Rizk, CEO of PARAGON Developments, says: “Sustainability turns out to be the focal point of urban planning and real estate development nowadays, as a result of the SDGs being one of the forces behind the development of smart cities.”