Iveda Partners with The Arab Organization for Industrialization, Bringing 5th Generation Smart Cities to Egypt

Iveda (NASDAQ:IVDA), the global solution for cloud-based AI video and sensor technologies, today announces a new partnership with The Arab Organization for Industrialization (AOI) to support and scale smart city developments in Egypt. Granted with a security certification from the Egyptian Military Intelligence, Iveda has clearance to participate in any projects within the country. Through this collaboration, Iveda and AOI will effectively bring new innovative technologies to the Europe, Middle East, and Africa regions (EMEA), satisfying local government and industrial contract needs. Iveda’s global 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.

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. 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 will 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 5th Generation Smart City. An emerging global wireless standard, 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. Specifically, 5G can help boost cities’ transformations by providing enhanced services and infrastructure for citizens, improving operations and security, and helping to close the digital divide.

“5G is the key to the future of smart cities,” said David Ly, Iveda CEO and founder. “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.”