AI specialist Iveda is expanding its smart-city focused presence in Egypt with the opening of an office in Egyptian capital Cairo and a smart city demonstration centre. The expanded presence in Egypt is a result of the company’s partnership with The Arab Organisation for Industrialisation (AOI). The move also comes after the appointment of Egyptian Army Major General Ashraf Hassan to the advisory board of Iveda.

Six months after partnering with AOI, the showcase space, located inside the AOI government facility in Cairo, will serve as a demonstration room for Iveda’s smart city technologies and AI offerings.

The Arizona and Taiwan based company has developed a market focus on 5G, AI, and sustainable technologies throughout Egypt and the greater EMEA region.

Iveda will promote smart city technologies including its Utilus Smart Pole with an average price to municipalities of $35,000 per pole. City deployments are anticipated to range from 100 to 1,000 Utilus Smart Poles (or $3.5 million to $35 million) depending on the size of coverage required.

Iveda and AOI partnered in August of 2023 to support and scale smart city developments across Egypt and the wider EMEA region through the development of 13 smart cities. In support of the Egyptian government’s plans to introduce 38 new smart cities across the country by 2050, the two entities are marrying Iveda’s global IoT and AI technology and application expertise with AOI’s regional demand for innovation, equipping Egypt’s new administrative capital with the 5th generation smart city technology needed to make this goal a reality.

Egypt’s AI market is projected to reach $601.8 Million with an anticipated annual growth rate of 18.99%, resulting in a market volume of $2.03 Billion by 2030. This strategic office will dramatically improve speed-to-market of Iveda technologies by providing easier access to hands-on education, sales demonstrations, marketing opportunities, and first hand proof-of-concept verification to those in the region. Major General Ashraf Hassan––who was appointed to Iveda’s Advisory Board in August 2023––will play a critical role in showcasing Iveda’s technologies, capabilities, and value to government and private enterprises across Egypt. Additionally, AOI will actively promote the value that local production of Iveda products is bringing to the area, in terms of both job and economic opportunities.

“Often times, when it comes to new and advanced technologies––especially in the artificial intelligence and smart city realm––seeing is believing. That’s why we’re collaborating with AOI to make it easier for people in and around Egypt to visit and experience Iveda’s core technology first hand,” said David Ly, CEO and founder of Iveda. “We’re eager to get our products into the hands of more organisations and government officials throughout the region, all while optimising the decision-making process with potential customers and partners.”

Iveda has also been working with partners in South Africa, building up multi-million-dollar pipelines of opportunities. These clients are eager to witness Iveda’s offerings and the Cairo space will provide a convenient destination for the African market to experience the tech hands-on. Iveda products and technology to be displayed for live demonstration at the new Cairo location will include IvedaAI, Iveda Smart Drone, IvedaCare, and IvedaEMS through Cerebro. For more information, please visit iveda.com.