{"id":85409,"date":"2024-04-22T00:00:00","date_gmt":"2024-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/22\/roshn-cisco-could-deploy-iot-in-smart-cities-plus-neom-debt-and-services\/"},"modified":"2024-04-22T00:00:00","modified_gmt":"2024-04-22T00:00:00","slug":"roshn-cisco-could-deploy-iot-in-smart-cities-plus-neom-debt-and-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/04\/22\/roshn-cisco-could-deploy-iot-in-smart-cities-plus-neom-debt-and-services\/","title":{"rendered":"Roshn, Cisco could deploy IoT in smart cities. Plus: Neom, debt and services"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Roshn, Cisco to explore deploying IoT in smart cities designs: <\/strong>PIF-owned real estate developer Roshn signed a MoU with global networking equipment maker Cisco to employ the use of the Internet of Things (IoT) in designing and building smart sustainable cities, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2087158\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported yesterday. The MoU will also see Cisco deploy its advanced technologies to empower an innovation center that is being set up by Roshn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SMART POLICY- <\/strong>The use of IoT (think smart lighting systems and smart thermostats) in smart cities <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/internet-things-iot-its-role-smart-cities-future-dmitriy-malets\/\" style=\"\" rel=\"noopener\">helps improve<\/a> energy consumption optimization, leading to lower costs and a reduced carbon footprint. It also has a role in ensuring the structural stability of roads, bridges and others through collected data by IoT sensors to help authorities schedule necessary maintenance to lower risks of accidents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline on this section<\/strong> to read it with all of the links on our website.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NEOM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Neom\u2019s global roadshow \u201cDiscover Neom\u201d in China concluded yesterday<\/strong> with talks on potential investments and progress at the USD 500 bn development, it said in a <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-welcomes-leading-industry-figures\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The tour, which also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/11d20e6c-678e-468e-879b-82edc958350b\" style=\"\" rel=\"noopener\">saw stops<\/a> at Beijing and Shanghai last week, comes as planners seek to assure investors that Neom\u2019s build-out plan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d415e8f0-fa26-473b-acf6-0a2208bd6637\" style=\"\" rel=\"noopener\">remains unchanged<\/a> amid reports of a scale back of plans for the futuristic city.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amlak International Finance has renewed a SAR 864.5 mn Shariah-compliant credit <\/strong><strong>facility agreement with <\/strong><strong>the Saudi Investment Bank <\/strong>for one year, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNDQwkg_ODVPvyA3NMIgMyA3XNdREQAcyale\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83OTQ4Ni9jb21wYW55U3ltYm9sLzExODIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a> yesterday. The financing sees a number of offered guarantees, including the assignment of receivables to the bank and a promissory note. It will help Amlak boost financing to its clients, according to the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Batic-owned Smart Cities Solutions secured a 10-year contract with solutions by stc <\/strong>to provide qualified employees to manage, operate and maintain 164k public parking spaces across 12 zones in Riyadh, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMTQ0EA_ODVPvyA3NMIgMyA3XNdREQBnuB0I\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83OTQ1NC9jb21wYW55U3ltYm9sLzQxMTAvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The investment size exceeds 10% of Batic\u2019s 2023 annual revenue figure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roshn | Cisco | Neom |  Discover Neom | Amlak International Finance |  solutions by STC | Smart Cities Solutions | Batic<\/p>\n","protected":false},"author":1,"featured_media":85410,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,2810,1850,1458,1848,10,100,2692,1849,846],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amlak-international-finance","tag-batic","tag-cisco","tag-discover-neom","tag-enterpriseam-ksa","tag-neom","tag-roshn","tag-smart-cities-solutions","tag-solutions-by-stc","wpautop","entry"],"acf":{"mongo_id":"2eedee8f-20bd-4598-932b-ea34e6fdf07e","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Roshn, Cisco could deploy IoT in smart cities. Plus: Neom, debt and services","related_issue":[85389],"teaser":"Roshn | Cisco | Neom |  Discover Neom | Amlak International Finance |  solutions by STC | Smart Cities Solutions | Batic","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.c1e90819-8e28-41e2-b2eb-9448f86bc27c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Roshn, Cisco could deploy IoT in smart cities. 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