Naver Cloud announced on the 30th that it has signed a memorandum of understanding (MOU) for collaboration in fields such as robotics, autonomous driving, and smart cities with the real estate development corporation New Murabba, which is under the Saudi Arabia sovereign wealth funds (PIF).
New Murabba is a futuristic new city development project being constructed in Riyadh, the capital of Saudi Arabia, covering an area of 15 square kilometers. Through this agreement, both parties plan to apply robotics, autonomous driving, spatial intelligence, smart city platforms, and urban monitoring solutions to build urban infrastructure for the project.
Naver has already established a digital twin platform in three cities in Saudi Arabia and is strengthening its local business by forming a joint venture with the National Housing Company. This agreement is expected to play an important role in the future urban development based on smart cities and innovative technology in Saudi Arabia.