In line with its effort to create sustainable, smart & happy communities, Tatweer Misr, The leading real estate developer in Egypt, signs an agreement with Schneider Electric, the leader in the digital transformation of energy management and automation, to integrate technological innovation, starting from the design till the smart management phase of the project. The partnership will allow the pioneering developer to utilize the iTWO platform, established by Schneider Electric’s RIB Software, as one of the market’s most efficient solutions to manage their real estate projects.
This agreement positions Tatweer Misr as the first real estate developer across the MENA region to introduce Schneider Electric’s latest cutting-edge technologies in all their projects; Il Monte Galala in Ain Sokhna, Fouka Bay and D-Bay in the North Coast, and Bloomfields in Mostakbal City, New Cairo.
The signing was held during Schneider Electric’s Innovation Summit Middle East and Africa (MEA), taking place in Dubai on the 18th and 19th of May 2022, attended by industry leaders, technology experts, and government decision-makers discussing how to leverage breakthroughs in digital transformation and intelligent software to benefit their business as well as contribute to a Net Zero sustainable future.
During the first day of the summit, Dr. Shalaby President & CEO Of Tatweer Misr participated in a fireside chat under the title of “The Future of Cities”, alongside Luc Remont, EVP at Schneider Electric and Dr. Patrick Noack, Executive Director of Dubai Future Foundation. During which he pointed to Egypt’s 2052 vision, which aims to double urban area in Egypt from 7% to 14% by 2052 which includes developing 61 cities, of which 24 are new and will be designed based on sustainability and smart solutions to provide a sustainable lifestyle. He also confirmed that the private sector is playing a huge role in creating these sustainable opportunities for future cities to benefit everyone.
Dr. Shalaby also participated in a panel discussion - during the second day of the summit -titled “ Buildings of the future "Sustainable, Resilient, Efficient & people centric Buildings", where he spoke about market trends related to using sustainable & smart applications in everyday life and the challenges & opportunities that lie in that. Discussion was moderated by Cormac Crossan, Business Development Director, Commercial Real Estate in Schneider Electric.
About the innovative iTWO platform, it will enable users to blur the lines between the construction in the virtual and real worlds, providing a simulation for the project’s entire lifetime by offering 5D Building Information Modeling (BIM). It will allow developers and project managers the full virtual experience of assessing the entirety of the project based on the proposed resources, cost, and timeline throughout the planning and building phases. This will make the whole rendering process more sustainable, cost-efficient, and will help real estate developers meet and commit to delivery deadlines.
Furthermore, the state-of-the-art platform will connect and combine data with other data sources as needed and will make it a valuable resource in creating evaluations and reports with just a few clicks. The interactive dashboard provides key metrics from different angles and levels of details analyzing the company’s KPIs to help with the decision-making process.
Dr. Ahmed Shalaby, expressed his enthusiasm for the partnership, saying: “In light of today’s high-tech world, the virtual aspect is becoming increasingly important in providing a comprehensive view of the project before execution. The process of enabling 5D BIM will assist us in studying every aspect of our projects in real-time.” Shalaby added: “This collaboration is in line with our strategy to build sustainable, smart, and happy communities that provide the highest quality of life to our clients.”
“The collaboration between Schneider Electric and Tatweer Misr aims to further enhance the digital transformation and smart city-building in the country,” says Fouad Zayed, Vice President of Digital Energy & EcoStruxure for Egypt, North-East Africa and Levant Cluster, Schneider Electric. “The iTWO platform enables clients to cut their operation schedules and costs, by integrating AI technology to provide simulations, making the planning of the project’s infrastructure easy and efficient.”
The new collaboration between Schneider Electric and Tatweer Misr is a continuation of their successful joint journey that took off in 2019, with planning and upgrading real estate projects using Schneider Electric’s EcoStruxure platform, being the starting point that led to further collaborations.
About Tatweer Misr
Established in 2014, Tatweer Misr is a leading Egyptian real estate development shareholding company. It involves a vertically-integrated business model with various development fields and an ambitious vision of developing sustainable, smart and happy communities. Built on innovation, sustainability, high quality and creating added value to their clientele, Tatweer Misr currently has four projects in various stages of development and planning. Projects include their award winning flagship project “IL Monte Galala” built on around 545 acres; “Fouka Bay” in the North Coast built on around 220 acres; “Bloomfields”; a mixed-use first home development located in Mostakbal City on an area of 415 acres with a dedicated 90 acres for an educational zone and their latest project “D-Bay” in the north coast spanning over 200 acres.
For more information visit: www.tatweermisr.com
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure, and Industries. With global presence in over 100 countries, Schneider is the indisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation, and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.For more information please visit: https://www.se.com/en/
