The King Abdullah Financial District Development and Management Company (KAFD DMC) and Samsung Electronics have signed a Memorandum of Understanding (MoU) to explore collaborative opportunities in developing and implementing integrated smart city technologies within KAFD. The move is said to solidify KAFD as a platform for collaboration and innovation between Saudi Arabia and Asia.
The MoU reflects KAFD’s commitment to strategically investing in and adopting technologies to transform urban infrastructure and living through digital enablement. As a global technology leader, Samsung’s track record of product development aligns with KAFD’s vision of leveraging smart city technologies to make urban districts more efficient, sustainable, and human-centric, in line with Vision 2030, said a statement.
The collaboration will pave the way for the advancement of KAFD’s smart city infrastructure by exploring the potential integration of enterprise-grade solutions such as access control, digital signage, and other smart and centralised systems. KAFD said it is also actively participating in smart city platform pilot programs with the Chinese artificial intelligence company SenseTime.
These solutions will support real-time infrastructure and asset monitoring and management, enhancing the overall efficiency and effectiveness of the district. Additionally, the establishment of a potential new Samsung experience centre within KAFD will enrich the community by offering residents exclusive benefits and discounts.
Sultan Alshahrani, Chief Corporate Officer at KAFD DMC said, “KAFD is forging ahead with investments in transformative urban and smart-city infrastructure, cultivating an environment where businesses, residents, and visitors can thrive in a seamlessly integrated, intelligent urban district. Our partnership with Samsung will unlock a new wave of enhancements and innovations, enhancing experiences and quality of life in line with Saudi Vision 2030. The partnership adds to KAFD’s growing list of collaborations with leading Asian companies, underscoring KAFD’s prominent role as an accelerator for economic cooperation.”
Hendrik Lee, President of Samsung Electronics Saudi Arabia added, “Samsung Electronics has always been at the forefront of driving innovation and fostering connected communities. This fruitful collaboration with KAFD represents a key step and a new milestone in our strategy that aims at supporting Saudi Arabia’s vision and its transformation into a global hub for innovation. We are proud to embark on this partnership, through which we can together, integrate Samsung’s smart solutions and technologies to build strong digital infrastructure and deliver enhanced digital experience across the Kingdom.”
KAFD has made significant strides in smart city development. It is the first district in Saudi Arabia to launch a Smart WiFi-7 service, a testament to its long-term strategic partnership with the Chinese technology provider, Huawei, the statement concluded.
KAFD DMC and Samsung sign MoU to collaborate on smart city technology Middle East Construction News.
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