Schneider Electric, PARAGON | ADEER, and Plug & Play Launch AI 100 Program at Egypt’s First Inclusive AI Campus
High-Profile Launch of AI 100 Program
Cairo witnessed a significant milestone in the realm of artificial intelligence with the launch of the ‘AI 100 Program’ at Egypt’s first inclusive AI Campus located within SUMOU BLVD. This initiative was formalized during a Memorandum of Understanding (MOU) signing ceremony held on April 19th at the Khufu’s Boat Museum, part of the Grand Egyptian Museum. The event was organized by PARAGON | ADEER in collaboration with its technology partners, Plug & Play Tech Center and Schneider Electric.
The launch attracted a diverse group of attendees, including H.E. Dr. Sherif Farouk, Minister of Supply, along with various government officials, business leaders, investors, and notable figures from the region. Key attendees included Mr. Abdulrahman Al-Qahtani, Managing Director of Sumou Investment; Mr. Saeed Al Nahdi, CEO of Sumou Holding Group; Eng. Abdullah Al-Qahtani, CEO of Sumou Suburb Company; Mr. Khaled Qaid, Chairman of Athar Holding Group; Eng. Bassel El Serafy, CEO of Adeer International; and Mr. Ahmed Helmy, Chief Investment Officer at the company.
Vision for the AI Campus
Eng. Mohamed Bedeir, Chairman of PARAGON | ADEER, and Eng. Bedeir Rizk, CEO, were also present at the event, alongside strategic partners such as Eng. Sébastien Riez, CEO of Schneider Electric North Africa and Levant Cluster, and Ms. Karima El Hakim, Regional Director of Plug & Play Tech Center in Egypt.
The AI Campus at SUMOU BLVD is designed as an open, collaborative platform aimed at fostering long-term growth within a fully integrated urban ecosystem. This initiative encourages cross-sector collaboration, with plans for new partnerships, programs, and initiatives to be introduced in future phases. The evolving model positions the AI Campus as a dynamic hub for innovation, designed to scale its impact and continuously attract new ideas and opportunities.
Strategic Pillars of the AI 100 Program
The AI Campus is built upon three strategic pillars: AI and innovation, education, and energy efficiency. The AI 100 Program, a four-year initiative, aims to identify, develop, and cultivate a pipeline of 100 growth-stage, AI-native startups in Egypt by 2030.
The program will provide immersive boot camps, industry and venture workshops, applied AI programming, and capital readiness tracks. It will also facilitate direct engagement with stakeholders at the Sumou Boulevard AI Campus, aiming to seamlessly integrate them into the ecosystem. The ultimate goal is to position these startups as future anchor tenants of the AI Campus, reinforcing its role as the central hub for Egypt’s AI ecosystem.
Statements from Key Leaders
Eng. Bedeir Rizk articulated the significance of the AI Campus, stating that it marks a defining moment for Egypt, representing a convergence of innovation, education, and sustainability. He emphasized that the collaboration with Plug & Play Tech Center is not merely about building infrastructure but about creating an adaptive ecosystem that welcomes diverse partners and evolves with emerging opportunities. The AI 100 Program is seen as a vital engine for high-impact partnerships, with the collaboration with Schneider Electric serving as a foundational step in establishing global alliances that integrate advanced technology with sustainable infrastructure.
Sébastien Riez highlighted Schneider Electric’s commitment to enabling smart, sustainable urban development. He noted that the AI Campus will serve as a living laboratory where advanced technologies can accelerate sustainable innovation. Schneider Electric aims to create efficient, resilient, and future-ready environments through its role as a trusted energy technology partner.
Karima El Hakim added that the AI Campus and initiatives like the AI 100 Program will act as catalysts for Egypt’s emergence as a premier regional hub for AI and tech innovation. By integrating Egyptian startups and corporations into a global network, the initiative is designed to foster collaboration, accelerate ideas, and empower entrepreneurs, transforming local talent into global competitors.
The Broader Context of Sumou Boulevard
Sumou Boulevard itself represents a transformative vision for New Cairo. Developed by PARAGON | ADEER—a joint venture between Egypt’s Paragon Developments and Saudi Arabia’s Adeer International—the project embodies a powerful Saudi–Egyptian development alliance that combines Gulf investment discipline with deep local market expertise.
Backed by Sumou Investment, Sumou Boulevard stands as a flagship example of the integration of residential, commercial, and technological innovation within a smart-city framework. The development is positioned as a scalable blueprint for next-generation, mixed-use urban communities, marking a strategic entry into the Egyptian market by Sumou Investment, a subsidiary of Sumou Holding.
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Published on 2026-04-20 17:27:00 • By the Editorial Desk
