December 28, 2023 (MLN): Avanceon Arabia InfoTech, a subsidiary of Avanceon (PSX: AVN), and Umm Al-Qura for Development & Construction Company (UAQ), have signed an agreement worth $3.6 million to develop a cutting-edge Intelligent Platform for Smart City solution for residents and visitors of Makkah city, the company's filing on the PSX showed today.
The Smart City project aims to transform Makkah into a smarter, sustainable and urban destination.
The project will involve a range of smart technologies including artificial intelligence, data analysis and sustainable transport.
This will be implemented and delivered by a joint venture between Avanceon Saudi Energy Co. and ZOMCO (Zamil Operations & Maintenance), a fully owned subsidiary of Zamil Group.
To note, UAQ is the owner and developer of Masar Destination.
The multimillion-dollar project falls under the Smart Infrastructure domain where AAIT will deploy a Smart City Solution with a scope that includes supply chain, Installation, testing, and the commissioning of an Intelligent Platform for Smart City.
The infrastructure transformation is part of the Kingdom’s pledge to create a thriving economy through its Vision 2030, the notice said.
Abdul Mohsen Al-Bakr, Chief Development Officer, at Masar commented on the development project said, “We are pleased to partner with Avanceon in this key milestone; their experience in the field of smart cities will be of great value to the success of this project.”
The smart city project is expected to be completed by 2025, the notice added.
Executive Director & CEO Avanceon Arabia InfoTech (Zamil JV Co.), Sarmad Mahmood Qureshi said, "We are thrilled to unveil the integration of our cutting-edge smart city solution, a milestone in our ongoing mission to expedite a streamlined, sustainable, and interconnected urban landscape in the Kingdom of Saudi Arabia."
This ground-breaking collaboration with Masar underscores Avanceon Arabia's shared commitment to enriching the lives of both residents and visitors, elevating public services, and securing a brighter future for all residents and visitors of Makkah.
Through this smart city solution, Avanceon and Masar are propelling the city toward a future marked by intelligence, sustainability, and inclusivity, he remarked.
"Together, we are crafting a city that operates with greater efficiency, harnessing the power of artificial intelligence, business intelligence, digitalization, and innovative mobility and energy solutions to benefit every journey in the holy city,” he further added.
With this project, Makkah residents will benefit from the smart city project in several ways that include; improved public transportation and mobility services, increased safety and security, improved air quality, and ease of access to government services.
It will also benefit religious tourism in several ways including; mobility and ease of transportation in the city, ease of access to information about religious and cultural places, and personalized services.
Masar Destination, located strategically at the heart of Makkah and extending over 1.2m SQM, will be a distinctive landmark offering a diverse range of offerings that vary between hospitality, mobility, retail, culture, entertainment, and more; all while preserving the spiritual nature and cultural heritage of the holy city.
Avanceon will provide all services in accordance with the local regulatory and QHSE authorities’ requirements.
For the execution of this project, Avanceon will be partnering with world class OEMs. All necessary studies will be conducted prior to the launch of the project with plans to address any safety, quality, and environmental issues.
Copyright Mettis Link News
Posted on:2023-12-28T12:24:59+05:00
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