Schneider Electric’s Global CEO and Chairman Jean-Pascal Tricoire has paid a visit to Tatweer Misr’s flagship development in Ain Sokhna, named “IL Monte Galala,” to witness construction updates on-site, Invest-Gate reports. 

The visit comes as part of the partnership between Tatweer Misr and Schneider Electric to build and design smart city facilities at its three projects in Egypt. Aside from IL Monte Galala, the latter is utilizing its “EcoStruxure” platform, which manages critical infrastructure, to develop the former’s Fouka Bay on the North Coast and Bloomfields in Mostkabal City, according to the press release on December 23. 

According to the statement, this collaboration makes Tatweer Misr the first Egyptian real estate developer to implement a central control system, linking all its projects to provide clients with a remote-control platform. It also gives accurate and detailed statistics based on a plethora of data, which is used to create a much safer, smarter, and convenient environment, guaranteeing up to 50% boost in energy and water efficiency, whilst cutting nearly 30% of operational costs. 

“In later stages, this system will facilitate customers’ lives by enabling them to remotely control and monitor their electricity and water consumption, in addition to offering easy electronic bill payments through a smart mobile application,” read the statement. 

During the tour, Tricoire commented, “We aim at depending more on advanced solutions such as Artificial Intelligence (AI) and Big Data to regulate the consumption of our resources and ensure their sustainability for future generations.”

Since 55% of the global population lives in urban cities, which is set to reach 68% by 2050 and significantly pressures the available resources, Schneider Electric is driven to build smart cities that meet the growing demand on modern infrastructure and services such as energy, water, road systems as well as connectivity and healthcare solutions, he explained. 

Meanwhile, Ahmed Shalaby, president of Tatweer Misr, was quoted as saying, “Schneider Electric’s global expertise will enable us to apply the smart cities’ concept within our projects. This stems from our constant efforts to partner with the best international service providers to create added value to our residents and offer them a comfortable and distinctive lifestyle.”