GV Real Estate Development signed a memorandum of understanding and a framework agreement on the sidelines of its participation at COP27 with Schneider Electric, which specializes in energy management, digital transformation and automation.
In the MOU Schneider will provide some technical solutions such as Ecostruxure & Aveva, whilst TAQ Arabia will provide integrated solutions for the facilities of the city of Tarboul.
The two agreements aim to provide smart solutions and developed energy solutions, in its mega projects such as Katameya Residence, White Sand Compound in the North Coast, as well as Tarboul project, the largest green and smart industrial city.
Fourth standards of sustainability and comprehensive development, which is planned to be a major industrial center for international manufacturers and investors, to become an attractive destination for global investment and industry around the world.
Climate Finance Kicks off Thematic Days Agenda at COP27
Commenting on this, Mr. Sherif Hammouda, Chairman of the Board of Directors of GV Group, said: “Through these partnerships, Schneider Electric will be our partner for smart solutions for energy management in our projects, with its customized solutions for all sectors.
"Schneider Electric will support the company’s strategy in providing electrical solutions for energy management that include panels Smart, energy monitoring and control, smart circuits, consumption screens to guarantee and minimize downtime and energy efficiency."
Read more: Mashreq Bank Increases Amount of Sustainable Financing to $30 billion