Iveda® announced a new partnership with The Arab Organization for Industrialization (AOI) to support and scale smart city developments in Egypt. 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. The partnership will help to localize Iveda?s technology for more efficient production and delivery throughout the region, leveraging AOI?s expertise in electronic manufacturing, assembly, logistics, shipping, and regional reach. Together, Iveda and AOI will collaborate on the promotion and development of Egypt?s 5G smart cities?

digital transformation, safety and security, infrastructure, smart manufacturing, concessions, technology transfer, smart mobility and transportation, and other 5th generation smart city sectors. This partnership with AOI rides on the heels of Iveda?s latest partner announcements including collaborations with Valor Healthcare, Movement Interactive, Evergreen Aviation, and NetGain Systems as Iveda continues to scale both domestically and globally, making advanced AI and IoT technology more accessible to local governments and affiliate organizations everywhere.