Huawei Technologies has begun developing a new digital city in the Egyptian under-construction administrative capital city as an advanced model that proves Egypt’s ability to build smart cities according to its needs, Osama El Meslawy representative of the business sector at Hauwei Egypt said.
He made these comments during his participation at Builders of Egypt Forum, adding that Huawei has set a specific model of the smart city in the new administrative capital with a certain aim to build a digital and connected city by 2023.
He further noted that the development of smart cities has become a global trend in both the developed and developing countries, pointing out that the technological infrastructure is currently becoming the most important pillar while establishing and developing smart cities.
Meslawy also noted that Huawei has cooperated with Oxford Economics in conducting a study that show the size of the return on investment in smart cities amounts to $ 50 in return for spending every dollar until 2050.
Huawei official added that his company ready to boost cooperation with the Egyptian government and the real estate developers in the field of smart cities development.
Builders of Egypt, one of the country’s most prominent construction conference, has taken place yesterday in Cairo under the auspices of Egyptian President Abdel Fattah al-Sisi.
Under the rubric Exporting Egypt’s Real Estate and Contracting Services – The New Future of Investments, the fifth edition of the conference sees the participation of more than 500 Egyptian, Arab, and African high-profile officials and business executives.
The one-day conference is also attended by Egyptian Prime Minister Moustafa Madbouli along with Minister of Housing Essam El-Gazzar, Minister of Military Production Mohamed El-Assar, Minister of Public Works Hisham Tawfik, and Minister of Transport Kamel El-Wazir.
