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First residential complex to be launched through AI, IoT, and metaverse in Egypt’s NAC

Cairo skyline view - Nile river
Siemens Egypt recently signed an MoU with two companies to establish Parklane, the first residential complex to built using AI technology, IoT, and the metaverse.

With the rapid rise in the adoption of technology and AI within the real estate sector, Siemens Egypt has signed a deal with El Attal Holding and Sigma for smart cities to build Parklane, a residential complex, in the New Administrative Capital.

Parklane is expected to be the first residential complex to be established in Egypt employing AI, IoT, and metaverse technology.

The compound will be completely artificially intelligent through implementing a BMS control system, for monitoring and controlling a building’s technicalities through an intelligent network.

As a result, data and information will be readily available to build an IoT-run controlled centre, where data and information will be analysed to carry out efficient maintenance and operations remotely, cut operation costs and enhance performance.

“We are pleased with this cooperation which we consider a constructive step to draw a roadmap for digital transformation and develop the skills of the cadres in the construction and real estate development sectors and smart cities, as well as raise the awareness of the construction sector about the latest technological solutions for more efficient and sustainable operating mechanisms,” said Mostafa El Bagoury, CEO of Siemens Egypt.

 

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