The company will collaborate with the Arab Organisation for Industrialisation to bring new technologies to the EMEA region
The Arab Organisation for Industrialisation (AOI) has announced a new partnership with Iveda to support and scale smart city developments in Egypt. Granted with a security certification from the Egyptian Military Intelligence, the global solution for cloud-based AI video and sensor technologies has clearance to participate in any projects within the country.
Through this collaboration, Iveda and AOI will bring new innovative technologies to the Europe, Middle East, and Africa regions (EMEA), satisfying local government and industrial contract needs. Iveda’s IoT and AI technology and application expertise, coupled with AOI’s large regional demand for innovation, will be applied directly to project opportunities in Egypt and throughout the greater EMEA regions.
Last year, the Egyptian government announced their plans to introduce 38 new smart cities across the country as part of the Sisi administration’s long-term infrastructure development strategy. Together Iveda and AOI’s intention is to play a critical role in the development of 13 smart cities in the region, as well as equipping Egypt’s new administrative capital with smart city technology.
Major technological advancements and the rise of 5G networks have led to a new kind of smart city: the fifth generation smart city. Specifically, 5G enables an enhanced network that is designed to connect virtually everyone and everything together – including machines, objects, and devices – at a rapidly increased speed. It can help boost cities’ transformations by providing enhanced services and infrastructure for citizens, improving operations and security, and helping to close the digital divide.
“Throughout the Emea region, we’re seeing a rapidly increasing demand for innovation that may be applied directly to the development of smart cities and other government initiatives,” said major general Ahmed Abdel Aziz, chairman of the board of directors of the electronics factory, on behalf of major general Mukhtar Abdel Latif, chairman of AOI.
“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.”
According to Iveda, the partnership will help to localise its technology for more efficient production and delivery throughout the region, leveraging AOI’s expertise in electronic manufacturing, assembly, logistics, shipping, and regional reach. Together, Iveda and AOI will collaborate on the promotion and development of Egypt’s 5G smart cities’ digital transformation, safety and security, infrastructure, smart manufacturing, concessions, technology transfer, smart mobility and transportation, and other 5th generation smart city sectors.
“5G is the key to the future of smart cities,” said David Ly, CEO and founder, Iveda. “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 Emea region, making 5G smart city technology available and accessible to residents throughout these countries.”
