Zain Group announces a strategic investment in Nexgen Group, a leading smart city advisory and consulting services provider based in the UAE. The investment will lead to the establishment of a specialised business unit delivering smart city services to governments and mega real estate developers facilitating the deployment of smart city solutions and managed services across Zain’s regional footprint.
The agreement comes exactly twelve-months after a strategic cooperation partnership was announced between the two entities.
Both Zain and Nexgen hold strong opinions that the power of mobile Internet is a driving factor to unlocking the potential of how people live their lives and transforming how they conduct their businesses. The companies are in agreement that with the confluence of smart technologies and services, the Internet of Things and the power of data, smart city developments will enhance the lives of millions of people across the region.
The newly established business unit will focus on delivering smart city solutions and managed services and will include design and integration for applications including smart living in city districts, smart safety and security, smart education and health, and smart metering for the utility sector among others.