Iveda, a global pioneer in cloud-based Artificial Intelligence (AI) video and sensor technology, has formed a partnership with the Arab Organisation for Industrialization (AOI) to promote and expand smart city initiatives in Egypt.
The Egyptian Military Intelligence has issued Iveda a security clearance, allowing it to take part in any projects within the country. By working together, Iveda and AOI will be able to more efficiently introduce cutting-edge technology to the EMEA area, where they can be used to meet the needs of governments and industrial contracts.
Together, AOI’s massive regional need for innovation and Iveda’s worldwide experience in IoT and AI technology and application will be put to use on project prospects in Egypt and throughout the larger EMEA areas.
According to a Deloitte whitepaper about 5G in smart cities, urbanization is gaining speed around the world, with many countries turning to smart city technologies to cope with the challenges in population and resources and as a new concept in city development for practical futures.
As part of the Sisi administration’s long-term vision for infrastructure development, Egypt’s government declared last year that they planned to create 38 new smart cities around the nation. Iveda and AOI will work together to help build 13 smart cities across the region and outfit Egypt’s future administrative capital with smart city technology.
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Leveraging AI-backed technology
A new kind of smart city, known as the 5th Generation Smart City, has emerged as a result of significant technical developments and the advent of 5G networks. 5G is an emerging worldwide wireless standard that will allow for a more powerful network to link nearly anything (machines, objects, and devices) more quickly than ever before. In particular, 5G could foster urban transitions by enhancing residents’ access to services and infrastructure, enhancing cities’ operations and security, and contributing to the closing of digital divides.
David Ly, CEO and the founder of Iveda stated that “5G is the key to the future of smart cities. At Iveda, we know the best way to support the multitude of devices and sensors needed to achieve true smart city status is through 5G networks. Through our partnership with AOI, we’re able to provide AI-backed technology that has the power to improve services and the overall quality of life for Egypt’s residents.”
“We look forward to the potential to scale with AOI across the Europe, the Middle East and Africa (EMEA) region, making 5G smart city technology available and accessible to residents throughout these countries.”
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Develop Egypt’s 5th generation smart city sectors.
By capitalising on AOI’s experience in electronic manufacturing, assembly, logistics, shipping, and regional reach, the partnership will aid in localizing Iveda’s technology for more efficient production and delivery across the area. Iveda and AOI will work together to promote and develop Egypt’s 5G smart cities’ digital transformation, safety and security, infrastructure, smart manufacturing, contracts, technology transfer, smart mobility and transportation, and other 5th generation smart city sectors.
According to Major General Ahmed Abdel Aziz, on behalf of Major General Mukhtar Abdel Latif, Chairman of AOI, “we are seeing a rapidly increasing demand for innovation that may be applied directly to the development of smart cities and other government initiatives” in the EMEA region. “While AOI has the regional reach and expertise, we require a trusted partner to provide the technological prowess and are honoured to have Iveda take on that role. The company’s expertise in digital transformation and city infrastructure aligns perfectly with our goals and plans to scale 5th generation smart cities in Egypt and beyond.”
As Iveda expands both domestically and globally, it is making cutting-edge AI and IoT technology more accessible to local governments and affiliate organizations on every continent. This partnership with AOI follows on the heels of Iveda’s recent partner announcements, which include collaborations with Valor Healthcare, Movement Interactive, Evergreen Aviation, and NetGain Systems.