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Tuesday, July 23, 2024

Schneider Electric and LMD Enter Memorandum of Understanding for Smart City Management Solutions

Global energy management and automation leader, Schneider Electric, and real estate front-runner, LMD, have formalized a Memorandum of Understanding (MOU) to introduce state-of-the-art sustainable solutions for smart city management in Egypt and the United Arab Emirates. The collaboration, signed during the UN Climate Change Conference (COP28) in Dubai, focuses on specific projects such as One Ninety and Stei8ht in Egypt, along with LMD’s projects in Dubai, UAE.

Strategic Collaboration Initiatives

  • Implementation of smart building solutions and AVEVA software for efficient system and facility management.
  • Reduction of carbon emissions and promotion of environmentally friendly energy practices.
  • Deployment of AVEVA’s Unified Operations Center for enterprise-wide operations, enhancing system design and maintenance efficiency.
  • Introduction of scalable systems for process and facility integration, ensuring round-the-clock resource availability and functionality.
  • Supply of various systems, including medium voltage panels, building management systems, Uninterruptible Power Supply (UPS), and more.

Leadership Perspectives: LMD 

  • Sebastien Riez, Cluster President of Schneider Electric Northeast Africa and Levant, underscores the global commitment to sustainability, expressing confidence in Homes of the Future solutions for LMD projects.
  • Amel Chadli, Vice President of Schneider Electric, highlights the pivotal role of partnerships in supporting sustainable development in the Gulf region.
  • Eng. Amr Sultan, CEO of LMD, expresses dedication to sustainability standards across projects in Egypt and the UAE.
  • Hamad Al Abbar, Managing Partner of LMD UAE, emphasizes the agreement’s significance in aligning projects with global sustainable development trends.

Showcased Projects

  • One Ninety: A mixed-use development in Egypt with a total investment of EGP 42 billion, offering luxury residences, hotels, and cultural services.
  • Stei8ht: An exclusive residential villa community in New Cairo, Egypt, featuring contemporary living elements and comprehensive amenities.

The collaboration marks a commitment to integrate smart city concepts, environmental conservation, and sustainability into real estate projects, shaping the future of the sector.

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