Horizon Egypt signs strategic agreement with Hikvision to implement smart city solutions
Horizon Egypt for Urban Development announced a strategic partnership with Hikvision, a global technology company, to integrate and implement cutting-edge smart city solutions across its real estate projects in the Egyptian market, most notably the Saada New Cairo, Saada Sahel, and Saada Boutique projects.
This partnership aims to solidify Horizon Egypt's position as a leading developer of modern, smart, and sustainable urban communities.
This step aligns with Horizon Egypt for Urban Development's vision to develop integrated urban communities that keep pace with future developments and rely on the latest technologies in city management and operation.
The agreement also reflects the company's commitment to adopting advanced technological solutions that ensure a safer and more efficient environment and enhance the quality of life for residents of its projects.
Horizon Egypt for Urban Development's leadership welcomed a high-level delegation from Hikvision, including Mr. Xu Ping, the company's General Manager, on his first official visit to Egypt. The delegation also included regional leaders from the Middle East and Europe, along with the local management team in Egypt. The Memorandum of Understanding was signed at Horizon Egypt's headquarters in Cairo.
This visit comes as part of Hikvision’s expansion into strategic markets, including the Egyptian market, which is considered one of the most promising markets in the region. Since its founding in 2001, the company has continued to strengthen its presence in more than 180 countries, focusing on developing smart security solutions and digital transformation powered by artificial intelligence and the Internet of Things.
Based on its core values of professionalism and integrity, Hikvision strives to build safer, more sustainable, and more innovative cities, aligning with Horizon Egypt’s vision of developing smart communities for the future.
Under the agreement, Hikvision will provide a comprehensive suite of smart city technologies, including AI-powered smart video security systems, vehicle identification technologies, centralized control and management platforms, as well as smart access systems, intercoms, digital displays, and smart poles.
These solutions will be fully integrated into Horizon’s management and operations system to ensure smarter and more efficient operation across the company’s projects.
This partnership aims to develop a unified centralized command and control system that will enable Horizon to manage communities, facilities, and services in a smart and integrated manner. This will enhance operational efficiency and sustainability, and improve the quality of life across the company's various projects.
Horizon Egypt for Urban Development's management praised the strategic partnership with one of the world's leading companies, emphasizing: “This strategic partnership stems from our firm belief in the pivotal role of integrated smart solutions in enhancing the quality of life for individuals within our projects.
Smart cities are a cornerstone of the future of the real estate sector, as they guarantee our residents a living environment characterized by the highest standards of safety, sustainability, and operational efficiency.”
The management added: “Horizon Egypt for Urban Development’s strategy is based on bringing in and implementing global best practices and collaborating with leading international partners like Hikvision to ensure our communities reflect global advancements. Our ultimate goal is to raise the standards of the real estate sector to meet the aspirations of our valued clients and deliver a real estate product that fulfills the needs of the local and regional market and sets new benchmarks for excellence and leadership in future construction.”
For its part, Hikvision’s management stated: “We are proud of our partnership with Horizon Egypt for Urban Development, which possesses a clear and ambitious vision for developing integrated smart communities.
We believe this partnership represents an ideal model for collaboration between the real estate development sector and technology, fostering innovation and achieving tangible results in improving quality of life.”
Horizon Egypt for Urban Development is one of the promising real estate companies in the Egyptian market. It owns a strategic land portfolio and operates under the leadership of Sheikh Dr. Majid bin Saeed Al Nuaimi, Chairman of the Amiri Diwan of the Emirate of Ajman and Chairman of the Board of Directors of Horizon Egypt for Urban Development. It is committed to developing world-class quality projects that reflect its vision of combining authenticity and modernity to provide an integrated living experience.