Diriyah Company has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Kakao Mobility to integrate it’s digital parking systems.
The MoU sets the stage for developing and deploying advanced mobility technologies within the first phase of Diriyah, a flagship sub-project under the broader Diriyah master plan.
This strategic partnership aims to leverage innovative smart parking technologies and develop digital platforms that promote seamless, efficient mobility for Diriyah’s residents and visitors.
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.
Under the strategic 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.
Group CEO of Diriyah Company Jerry Inzerillo stated that 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.
The first phase of Diriyah, a major mixed-use development project in Saudi Arabia, is a large-scale initiative focused on revitalizing the historic Diriyah district and creating a new cultural and lifestyle destination. This phase includes entertainment, shopping, cultural, commercial, and residential assets, aiming to enhance tourism.
