https://arab.news/r482b
RIYADH: The Saudi real estate sector is set to embrace advanced technologies after the National Housing Co. partnered with Korean tech firm Naver Corp. to enhance smart city solutions.
The collaboration, formalized in the presence of Housing Minister Majid Al-Hogail, aims to integrate Digital Twin technology, utilizing Naver’s advanced cloud system.
The technology mirrors real-world entities in a virtual environment, supporting real-time decision-making through data analysis, prediction, and optimization. It will be cloud-based, with a focus on three-dimensional digital modeling.
This move aligns with Saudi Arabia’s Vision 2030 goals, aiming to use this technology for urban planning and flood predictions while advancing smart city development.
The integration of Digital Twin technology is part of the Kingdom’s broader strategy to modernize its real estate sector and adopt cutting-edge solutions to enhance urban management and infrastructure efficiency.
Minister Al-Hogail highlighted the significance of this partnership, stating on X that the deal opens the doors for innovation in digital solutions.
“Together, we achieve strategic visions for the municipalities and housing sectors in our relentless pursuit of sustainable smart cities,” he said.
This deal builds on Naver’s initial entry into the Middle East and Saudi markets in 2023 by establishing a contract with the ministries of investment and housing to use their systems.
The ambitious roadmap also includes amalgamating advanced technologies such as AI, robotics, and cloud solutions.
The company emphasized the platform’s open-ended architecture, fostering collaborations with local Saudi and South Korean entities.
Abdullah Al-Ghamdi, the president of the Saudi Data and Artificial Intelligence Authority, visited the firm’s site in May, denoting the establishment’s long-standing relationship with the Kingdom.
During the meeting, potential collaborations between the two entities were discussed, as SDAIA is responsible for strategy, research, and development in the AI, data, and smart city sectors in Saudi Arabia.
Officials from other major Saudi institutions, including the Ministry of Communications and Information Technology, the National Information Center, and the National Data Management Office, have also paid visits to the site to experience the company’s technological advancements and discuss collaborative opportunities, a release on the Korean entity’s website revealed.
This comes after Naver became part of the “One Team Korea” consortium in November 2022. The partnership sought to secure Saudi projects under the patronage of South Korea’s Ministry of Land, Infrastructure, and Transport.