Netix Global BV, a leading smart cities solutions provider and a subsidiary of the SB Group International, has announced a first-of-its-kind Sustainability Finance Model in the Middle East & rest of the world. Developed in partnership with Genesis, one of the largest energy and automation funds from Europe, the funding model has implications for Middle Eastern nations' net-zero pursuits and tackling Europe’s energy crisis.

In recent years, Netix has offered AI and IoT-led smart solutions which have found widespread application in the retrofitting of legacy building systems for demonstrable “smart & efficient outcomes, energy and cost savings, and sustainable transformations. Netix Global’s new model allows for fully financing these solutions as smart upgrades for a large-scale impact needed to achieve net-zero goals across the globe like the visions of  UAE and KSA, for 2050 and 2060, respectively. 

“The world is in the midst of an energy crisis. Buildings, which account for significant energy usage and carbon emissions, are increasingly becoming the focus of decision-makers. Over the years, we have gathered empirical evidence substantiating the impact of AI and IoT-led  solutions in measuring, reducing, optimizing energy consumption in buildings. We are now funding the net-zero vision of the world by using technology to curate solutions to transform buildings into energy-efficient and sustainable edifices. Netix specialized solutions are built on the principles of AI, ML & the Internet of Things (IoT),” said Sanjeevv Bhatia, CEO of Netix Global.

The Sustainability Finance Model was unveiled on 23rd September 2022 at the iconic Burj Khalifa. “Our partnership with Genesis, one of the largest energy and automation funds in Europe, exemplifies the cross-sectoral collaborations required to achieve ambitious sustainability and Environmental Social Governance goals. The Netix Sustainability Finance Model also spells opportunities for regional real estate stakeholders to become part of the solution. Together, let’s harness the power of IoT and AI and venture towards a sustainable and energy efficient world,” added Sanjeevv Bhatia. 

Previously, the Netherlands-headquartered company launched the Netix-Novus Partner Program to create a dynamic ecosystem of service providers and drive a “brownfield revolution” in legacy buildings. Netix solutions are  implemented across multiple clients in different parts of the world including 18 communities of Emaar, 30 towers of Damac, 77 buildings of Etisalat, Mazaya Towers, 14 sites of Lusail Command & Control Centre, Accor Hotels, all branches of an esteemed bank in the UAE, etc.