Global technology major Honeywell has signed an agreement with Etisalat Misr, a subsidiary of the UAE telecom group Etisalat, to develop advanced solutions for smart buildings, communities and cities in Egypt.
The MoU between Honeywell and Etisalat Misr outlines the intent to co-develop IoT-based offerings that leverage artificial intelligence (AI), machine learning (ML), connecting and hosting technologies that can be applied to various vertical segments such as manufacturing, healthcare, hospitality, education, real estate and transportation.
As per the deal, the duo will collaborate to build a cloud-based IoT platform to help further the advancement of both greenfield and brownfield projects across Egypt.
Honeywell said it will provide expertise for the IoT-platform solution development including hardware and software support, and Etisalat Misr will leverage its capabilities in connectivity, hosting services, software and operations.
The collaboration supports Egypt Vision 2030 by helping to enable digital transformation of key industry sectors across the country and creating a more sustainable environment through the deployment of smart solutions to conserve energy and water consumption and manage waste.
“This effort builds on the established track record of Honeywell and Etisalat Misr to collaborate and deliver successful smart city projects. It will help further demonstrate the country’s ability to deliver cutting-edge, digital-first solutions to the citizens, companies and visitors of Egypt,” said Khaled Hashem, President, Honeywell, Egypt and North Africa.
“By combining our IoT-based solutions and Etisalat Misr’s capabilities in connectivity, we aim to enhance the safety, security and quality of life of citizens while building more sustainable communities across the country,” stated Hashem.
Khaled Hegazy, Chief Business Officer, Etisalat Misr, said: “We are pleased to extend our relationship with Honeywell in our joint efforts to support the Egypt 2030 strategic vision for a more diversified economy.”
“With our combined expertise and capabilities, we can further drive digital transformation for key verticals in the region,” he added.-TradeArabia News Service