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The rise of artificial intelligence (AI) in proptech is causing a paradigm shift in the real estate development industry.
Report stated, the industry has a history of slow adoption of new technologies. However, the rise of artificial intelligence (AI) is transforming how properties are managed, buildings are built, and investments are made by providing more efficient and cost-effective solutions that promote sustainability while minimizing environmental impact.
Planet Earth is heaving under the strain of global consumption and the waste it creates, but by transforming production processes and the lifecycles of goods into a circular value chain, companies and countries can redefine economies and contribute to the creation of a sustainable future for all, writes Carlo Stella, a partner at global management consultancy Arthur D. Little.
According to the report, a circular economy involves fulfilling the needs of the current generation through products and services that are either restorative or regenerative, which extends the lifespan of materials maintaining those at their highest value.
To do so, products need to be well maintained, easy to repair, restore, or dissemble for maximum recovery and limited degradation of materials.
The circular economy model can reduce resource consumption and harmful emissions, thus helping to tackle climate change, resource scarcity, waste, pollution, and loss of biodiversity. And there are economic and social benefits too, such as job creation and improved health among populations, it added.
Advancing the prospect of sustainable marine transportation in the region, a pioneering electric marine vessel maker, Crown Electric Ships and Boats Dubai, announced clinching a deal with the Badr Sultan Group of Kuwait.
Deal is to develop and supply a fleet of zero-emission electric yachts for the region, stated the report.
Schneider Electric has announced enhanced solutions for creating sustainable, net-zero buildings following the conclusion of the Middle East Energy 2023 in Dubai, according to the report.
It added, the leader in the digital transformation of energy management and automation will now offer new functionality in building management solutions for hotels and enterprise buildings that will improve access to real-time data necessary for making smarter energy-management decisions.
A report says, Industrial gas company, Air Products has announced that one of its key units, Air Products Qudra, has signed an agreement with Enowa, the energy, water and hydrogen subsidiary of NEOM, for the construction and operation of the first hydrogen fueling station within the mega futuristic city.
VPorts, the Canadian company specialising in the design, construction, and operation of Advanced Air Mobility (AAM) infrastructure, has announced the signing of a Memorandum of Understanding (MoU) with Ras Al Khaimah (RAK) Airport.
According to the report, the agreement is to build and operate the first vertiport in the emirate.
H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of Etihad Rail, has witnessed the signing of a Memorandum of Understanding (MoU) between Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) and Etihad Rail to promote cooperation and exchange knowledge in the field of advanced technologies.
The MoU aims to utilise the latest 3D printing technologies that use recycled materials supervised by young Emirati students and graduates from ACTVET.
A new brief has been published by Bain & Company, that showcases the value and the need for voluntary carbon markets in order for governments and other stakeholders to achieve their climate ambitions, said the report.
It highlights how Gulf Cooperation Council (GCC) countries will not only need to develop and scale up new technologies, but also access mitigation projects outside their own value chain if they are to achieve their own stated climate ambitions.
A report says, Emerge, a joint venture between Masdar and EDF, and Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, have inaugurated the 7-megawatt peak (MWp) rooftop solar photovoltaic (PV) project at Warner Bros.
A report says, Schneider Electric has announced new enhanced solutions to create sustainable, net-zero buildings following the conclusion of the Middle East Energy 2023 in Dubai.
The enhanced solutions for hotels and enterprise buildings will improve access to real-time data that is essential to making smarter energy-management decisions. They will help building owners and facility managers respond to rising energy costs achieve the UAE’s ambitious target to achieve net-zero status by 2050.