News Tech: The provider of smart city solutions Netix Global has announced a sustainability finance model in collaboration with one of the biggest European energy and automation funds with the goal of funding AI-powered BAS upgrades in the Middle East and the rest of the world and igniting local net-zero initiatives.
Netix has become recognised as a pioneer in the smart building revolution in recent years. With the goal of adapting existing building systems for demonstrably “smart & efficient outcomes, energy and cost savings, and sustainable changes, its AI and IoT-led smart solutions have found widespread application. In order to accomplish net-zero targets globally, such as the aspirations of the UAE and KSA for the years 2050 and 2060, respectively, Netix Global is currently preparing to completely finance these solutions as smart upgrades.
Dubai, United Arab Emirates: Netix Global BV, a top provider of smart city solutions and a division of SB Group International, has unveiled a sustainability finance model that is exclusive to the Middle East and the rest of the world. The innovative funding mechanism, which was created in collaboration with one of the biggest European energy and automation funds, has significant implications for Middle Eastern countries’ efforts to achieve net-zero status as well as for addressing Europe’s energy problem and being emulated globally.
“An energy crisis is currently affecting the entire world. Decision-makers’ attention is shifting more and more toward buildings, which produce a considerable amount of carbon emissions and energy use.
“Our engagement with Genesis, one of the biggest energy and automation funds in Europe, serves as an example of the cross-sector partnerships necessary to accomplish challenging sustainability and environmental social governance goals. Involved parties in regional real estate have opportunity to contribute to the solution thanks to the Netix Sustainability Finance Model. Let’s work together to harness the power of IoT and AI to create a sustainable and energy-efficient future, he continued.