Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture and entertainment, has signed an agreement with Korea’s Kakao Mobility, thus setting the stage for development and deployment of advanced mobility technologies within the first phase of its flagship sub-project under the broader Diriyah master plan.

 

A unit of Saudi sovereign wealth fund PIF, Diriyah is helping shape the future of Saudi Arabia’s most iconic destination, thus honouring its heritage while embracing innovation.

 

Diriyah Company said this strategic partnership aims to leverage innovative smart parking technologies and develop digital platforms that promote seamless, efficient mobility for its residents and visitors. 

 

Under this agreement, both parties will collaborate on an in-depth assessment to support the development of smart parking infrastructure and digital platforms at selected sites within the first phase of the Diriyah project. 

 

This includes integrating digital parking systems, enabling seamless data connectivity, optimizing user experiences, and designing efficient operational workflows, it stated.

 

Group CEO Jerry Inzerillo said the agreement marks a significant advancement in smart mobility, affirming the company’s commitment to delivering world-class projects that will serve millions of visitors, enhance quality of life in Diriyah, and support the broader goals of Saudi Vision 2030. 

 

By integrating global best practices and innovations in smart mobility, the initiative supports Diriyah’s transformation into a premier global cultural and tourism destination, with a target of attracting more than 50 million visits annually by 2030, he added.-TradeArabia News Service