Egypt’s real estate developer Tatweer Misr has signed a memorandum of understanding (MoU) with Schneider Electric Egypt on building and designing smart city facilities within three of its residential projects across Egypt, Invest-Gate reports.
The three projects Schneider Electric will be managing are: IL Monte Galala in Ain Sokhna, North Coast’s Fouka Bay, and Bloomfields in Mostkabal City, the developer said in an official statement on January 28.
Schneider Electric will be utilizing its “state-of-the-art EcoStruxureTM architecture and platform” in managing critical infrastructures of Tatweer Misr’s projects, including heating, ventilation, and air conditioning (HVAC), electricity, water, gas, data networks, data centers, data center infrastructure management software (DCIM), traffic and security, and command/operation control center (OCC).
According to the statement, Tatweer Misr will be the first Egyptian real estate company to implement a central control system connecting all its projects to provide its clients with a remote-control platform for all operating systems including, but not limited to, electricity, water, gas, and electronic bills payment through a smart mobile application.
Commenting on the deal, CEO and Managing Director of Tatweer Misr Ahmed Shalaby noted, “Through this partnership, Tatweer Misr is aiming to include the values of smart cities in all its projects through the use Schneider’s expertise and its EcoStruxureTM smart solutions. We are very excited about the implementation of this platform because it offers so many advances for us in terms of facility management but more importantly for our residents and guests.”
“By 2020, nearly 30% of devices within buildings will be connected to the internet, providing significant opportunities for efficiency gains. Of course, we could not have found a better partner to provide all these services than Schneider Electric,” Shalaby was quoted as saying.
On his part, Schneider Electric Regional Cluster President North East Africa and Levant Walid Shetta said, “The implementation of EcoStruxureTM provides Tatweer Misr with a significant opportunity to improve their facilities lifetime efficiency, lower maintenance costs, reduced energy consumption, increased equipment life span, and higher occupant comfort and asset value while reducing operating costs.
“The proliferation of connected, intelligent systems and devices generate mountains of data that Tatweer Misr can now leverage from a central control station that monitors their three projects, making facility management in their projects as easy as ABC,” Shetta added.
Shetta pointed out that this is achievable via optimizing facility management operations, tracking power consumption, allocating billing costs, conserving energy consumption, in addition to monitoring building performance, proactively diagnosing issues, and automatically converting data into predictable, actionable insights, across various aspects to resolve up to 80% of facility management issues remotely and dwindle occupant complaints by an average of 33%.
As a result, unscheduled maintenance would drop by as much as 29%, while reducing energy costs by up to 30%.
The agreement was signed in the presence of Egyptian Minister of Investment and International Cooperation Sahar Nasr and French Minister of State Agnès Pannier-Runacher.