24 C
Friday, February 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.

Also Read

Dubai Prepares for Decreasing Temperatures with Anticipation of Heavy Rains in Some Areas of the UAE

Abu Dhabi Hosts Top Esports Teams in Global Competition with $1 Million Prize at Stake

Related Articles

Abu Dhabi-Backed RedBird IMI Secures $1.45 Billion Deal for UK’s All3Media

Abu Dhabi-Backed RedBird IMI Secures Powerhouse $1.45 Billion Deal for UK's All3Media RedBird IMI, spearheaded by Jeff Zucker, the former CNN executive, has clinched a...

Ramadan Delight: Retailer Slashes Prices on 10,000 Items, Unleashes Dh5,000 Gift Cards for UAE Shoppers

Ramadan Joy: Retailer Slashes Prices on 10,000 Items, Unveils Dh5,000 Gift Cards, These essential products, comprising approximately 80 percent of the total offerings, span across...

Quit Smoking for a Powerful Reduction in Insurance Premiums , Break Free with Mind Your Money

Quit smoking related illnesses contribute significantly to healthcare expenditures. In the United Arab Emirates (UAE), where a forward-thinking approach to health and wellness is gaining...

GCC Countries Poised to Supercharge Region’s GDP by $2.5 Trillion in 10 Years

GCC Countries Unleashing Potential to Skyrocket Region's GDP by $2.5 Trillion in a Decade A recent study has unveiled the potential for accelerated economic growth...

UAE Gold Prices Surge on the First Trading Day of the Week

UAE Gold Prices Soar on First Trading Day of the Week Gold prices in the UAE experienced a notable surge on the initial trading day...

Latest Articles