Egypt’s real estate developer Talaat Moustafa Group Holding (TMG Holding) has signed an agreement with state-run Telecom Egypt to apply and activate applications of smart cities and digital communities, Invest-Gate reports.

Under the deal, Telecom Egypt will equip TMG Holding with the latest applications in the information and communications technology as regards smart cities, according to a statement published on the developer’s official Facebook page on October 2.

Inked between TMG Holding’s CEO Hisham Talaat Moustafa and Telecom Egypt’s CEO Ahmed El Beheiry, the agreement comes within Telecom Egypt’s strategic plan for digital transformation and turning Egypt into a regional hub for data and a major platform for internet of things and smart solutions, the statement added.

Moustafa underscored that the contract comes in line with the group’s scheme to develop its fully integrated real estate projects in accordance with global standards.

On his part, El Beheiry said his telecom company is pleased to supply real estate projects with the latest in the information technology domains, particularly after it launched the 4G technology service.