NOVA signs MoU with Terminus Group at Expo 2020 Dubai
march 10, 2022
Synergies and co-operation highlighted in relation to addressing USD 457 billion global market for smart cities and urban digitalization.
Dubai, UAE, 2 March 2022: NOVA, the international technology company and developer of the global digital platform, NOVA Realty, has today announced the signing of an MoU with Terminus Group, a premier partner of Expo 2020 Dubai, and smart solutions provider specialising in the development of AI CITY infrastructure.
The MoU highlights the potential for high-tech, joint solutions in the Smart Cities sector – a USD457 billion global market, in 2021. The agreement further establishes the foundation to further explore collaboration between the companies’ respective technologies, particularly in relation to the digitization of urban developments.
With the global smart cities market estimated to grow into a USD2.5 trillion industry by 2026, core areas for ongoing discussion of global smart cities include the creation of a unified digital infrastructure, common standards and regulations, and the development of a unified digital platform for enhancing existing infrastructure and future city developments. To achieve this, co-operation among global companies will be key and collaboration of respective technological expertise can be a catalyst for introducing future solutions more rapidly.
Following on from the signing, several co-hosted events will be held through March, at Terminus Group’s regional HQ. Here, the two companies will welcome public sector and corporate guests from all regions of the world to present ‘NOVA Realty’ – the first digital platform for integrated development and process management of the global urban development industry.
The series of events will start in March and be held at Terminus Group's regional HQ, located in Al Wasl Dome, at Expo 2020 Dubai.