UAE Business Awards 2023 Most Innovative Energy & Water Management Solutions Provider 2023 Iskraemeco Group (Iskraemeco) is part of Elsewedy Electric, a company which creates sustainable projects in energy and infrastructure that enable businesses, communities, and regions to thrive. Since its beginnings in 1938, the company has evolved from a manufacturer of electrical products to a global provider of integrated energy, smart infrastructure, and investment solutions. We find out more from the CEO of Iskraemeco Group as it celebrates recognition in the UAE Business Awards 2023. Iskraemeco Group provides energy solutions in more than 80 countries and has more than seven decades of experience. As part of the Elsewedy Electric Group since 2007, the company shares a common vision of a smart and green future. Mahmoud Mouaz, Chief Executive Officer of the Middle East and Central Asia arm of the firm, tells us more about the company and its objectives. “We develop intelligent digital solutions and services for the energy and water sectors by combining our extensive experience and industry expertise with cutting-edge IoT and AI technologies,” he explains. “By understanding the power of data, we help our customers embrace digital transformation and the associated opportunities for grid management and optimisation. Together with utilities and cities, we create sustainable grids that are a key enabler for the green transformation.” Powered by top-notch professionals with a ‘can-do’ attitude, integrity, and learning spirit, Iskraemeco builds its unique competitive advantage with innovation, flexibility, agility, ownership, and empowerment. Forming long-term relationships with every stakeholder, customer, partner, associate, or supplier has helped the firm to achieve sustainable growth and, along with efficient collaboration, this drives the company’s daily productivity and makes it easier to put ideas into action. “Teamwork, expertise, and partnership remain the stepping stones that help us realise our goals and strengthen our leading position in the industry,” Mahmoud elaborates, speaking of the firm’s internal culture. “Iskraemeco’s culture promotes diversity, collaboration, and alignment with global subsidiaries. They foster a welcoming and inclusive work environment and encourage open communication and idea sharing. They work closely with subsidiaries to achieve shared goals and invest in employee development.” Iskraemeco is keen to celebrate success and recognise achievements to reinforce its culture and values. These efforts make it an even more attractive partner for clients. When onboarding a new project, the dedicated team know how important it is to establish clear goals, conduct a thorough analysis, develop a detailed project plan, communicate effectively with stakeholders, monitor progress, assemble a skilled team, leverage technology, focus on customer needs, and foster a positive team culture based on trust, respect, and collaboration. Equally important is that the firm works with stakeholders to understand their requirements and tailor its solutions to their needs, implement effective project management practices, ensure data accuracy and security, conduct testing and verification, and provide ongoing support. Aside from its commitment to ensuring customer satisfaction, Iskraemeco’s extensive experience in the industry, flexible and future-proof solutions, advanced features, and commitment to sustainability may differentiate it from other companies in the smart metering industry and provide a compelling value proposition for utilities and end-users, marking it out as the best choice for new clients. “Our smart metering solutions are designed to be flexible, scalable, and future proof, enabling utilities to adapt to changing energy market conditions and customer needs,” Mahmoud tells us. “The company offers a range of advanced features, such as two-way communication, real-time data analytics, and remote firmware updates, which can help utilities improve their operational efficiency and enhance customer satisfaction.” In addition to its innovative technology, Iskraemeco places a strong emphasis on sustainability and environmental responsibility. The company’s smart meters are designed to reduce energy waste, promote the adoption of renewable energy, and enable carbon reduction initiatives. The UAE has set ambitious targets for smart meter deployment to improve energy efficiency and enhance customer experience, despite facing regulatory and financial challenges. This presents significant opportunities for companies in the smart metering industry, given the growing demand for advanced metering infrastructure and related services. While challenges such as regulatory barriers and upfront investment exist, the government has been addressing these issues by implementing new regulations and providing financial support to utilities. The country’s strategic location, stable political climate, and business-friendly environment make it an attractive market for companies looking to expand their operations in the region. Mahmoud believes that, aside from the obvious challenges, there are clear
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