Schneider Electric signs an MoU with Redcon Properties

Schneider Electric signs an MoU with Redcon Properties

Riez: We are committed to supporting digital transformation for a sustainable future in Egypt. El-Gamal: We are proud to present the first sustainable community in New Cairo with EGP 20 billion investments Cairo, Egypt:- On the sidelines of the United Nations Climate Change Conference (COP28) held in Dubai, United Arab Emirates, Schneider Electric, the global leader in the digital transformation of energy management and automation, signed a memorandum of understanding (MoU) with Redcon Properties, a leader in sustainable real estate development, to integrate AVEVA's advanced software solutions, provided by Schneider Electric, into Redcon Properties' flagship project; Golden Gate, the first sustainable mixed-use development in New Cairo, which standardizes a benchmark for smart sustainable communities in Egypt. Within the framework of the MoU, Schneider Electric will integrate AVEVA software solution into the operating systems of Golden Gate project, with an investment worth EGP 20 billion injected from Redcon Properties.  Schneider Electric will equip the project with AVEVA unified operations center to securely visualize enterprise-wide operations using an asset model to apply context to real-time processes, alarms, events, and archived data creating a single common information stream that makes system maintenance and operations more efficient and flexible. The system also effectively manages energy