TMG Holding, Huawei partner to develop AI-powered cloud technology for Noor project
Updated 9/30/2024 7:56:00 AM
Arab Finance: Talaat Moustafa Group Holding (TMG Holding) has partnered with Huawei to integrate AI-powered cloud technology in its Noor City project, located East Cairo, according to an emailed press release.
The partnership, signed in Shenzhen, China, marks a first-of-its-kind collaboration in the Egyptian market.
TMG aims to leverage Huawei’s technology for cloud data centers and AI solutions to enhance its urban communities through the NOOR Cloud platform.
“TMG will be leading the market by embracing cloud technology. TMG cloud-enabled applications will not only drive economic growth but also create new opportunities for innovation across industries, offering services to customers,” Mohamed Hisham Talaat Moustafa, Chief Recurring Income Officer at TMG, said
“By leveraging advanced technology, we aim to lead the market and empower businesses to thrive in a competitive landscape. Together, we will open doors to a future of limitless possibilities and drive transformative change,” he added.
The Noor project, a major development worth EGP 500 billion, includes 140,000 housing units and adds to TMG's portfolio, which features Madinaty, Al Rehab, Celia, and South Med on Egypt's Mediterranean coast.
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