Tatweer Misr signs MOU with Schneider Electric to unlock new levels of Building Value

·   Tatweer Misr is the first Real Estate Egyptian Company to implement a central control System connecting all its projects to provide all its clients with a remote-control platform for all operational systems

·   Schneider Electric expertise will help create a Comprehensive integrated solution that reduces operational and maintenance cost and increase efficiency by 30% to all tenants 

Cairo, January 27th, 2019 – During a signing ceremony held today and in the presence of H.E. Dr. Sahar Nasr, Egyptian Minister of Investment and International Cooperation and Ms. Agnès Pannier-Runacher, Minister of State, attached to the Minister of Economy and Finance of France, Tatweer Misr, the leading Egyptian real estate developer, announced the signing of an MoU with Schneider Electric – Egypt, the global leader in digital transformation of energy management and automation.  According to the agreement Schneider Electric will work with Tatweer Misr in building and designing smart city facilities in its three projects “IL Monte Galala – Sokhna, Fouka Bay – North Coast and Bloomfields – Mostkabal City” utilizing Schneider Electric state of the art EcoStruxureTM architecture and platform in managing critical infrastructures such as: Electricity, HVAC, Water, Gas, Data networks, Data Centers, Data Center Infrastructure Management software (DCIM), Traffic and Security and Command Operation/Control Center.

An innovative, agile solution that combines tried and tested management software with hardware, Schneider’s globally recognized state of the art solution EcoStruxureTM enables Tatweer Misr to gain valuable insights from various data to make environments smarter, more secure and comfortable and up to 30 percent more efficient. By connecting everything from sensors to services, this comprehensive solution integrates key systems such as energy, HVAC, lighting, fire safety, garbage disposal and security to make the most of new opportunities presented by the IoT.

Eng. Walid Shetta, Schneider Electric Regional Cluster President North East Africa & Levant, said: “The implementation of EcoStruxureTM

This is achievable through optimizing facility management operations; tracking power consumption, allocating billing costs and conserving energy consumption in addition to monitoring building performance, proactively diagnosing issues and automatically converting data into predictable, actionable insights, across multiple aspects to resolve up to 80% of facility management issues remotely and reduce occupant complaints by 33% on average. This will result in decreasing unscheduled maintenance by as much as 29% and reducing energy costs by up to 30%.  According to estimates 42% of the world’s energy is relegated to buildings. other estimates state that most of this energy – anywhere from 54% to 71% – is consumed by the heating, cooling and lighting systems.

"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” commented Ahmed Shalaby. "

According this MoU, Tatweer Misr will be the fist 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 operational systems including, but not limited to, electricity, water, gas and electronic bills payment through a smart mobile app.