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The King Abdullah Financial District Development and Management Company (KAFD DMC), the manager of Riyadh\u2019s premier business and lifestyle destination, and Samsung Electronice today announced the signing of a Memorandum of Understanding (MoU) to explore areas for collaboration on the development and implementation of integrated smart city technologies in KAFD. The [strategic] partnership will further enhance the digital experience for the district\u2019s businesses, tenants, and visitors and build on KAFD\u2019s status as a conduit for collaboration and innovation between Saudi Arabia and Asia.
\nThe MoU demonstrates KAFD\u2019s commitment to strategically investing in and adopting cutting-edge technologies, reimagining urban infrastructure and living through digital enablement. As a global technology leader, Samsung\u2019s track record of ground-breaking product development], supports KAFD\u2019s vision of leveraging smart city technologies to make urban districts more efficient, sustainable, and humancentric for its inhabitants, in line with Vision 2030.
\nThe collaboration lays the foundation of the advancement of KAFD\u2019s smart city infrastructure by exploring potential integration of enterprise-grade solutions, including access control, digital signage, and other smart and centralized systems, supporting real-time infrastructure and asset monitoring and management. A potential new Samsung experience center in the district will further enrich the community, offering residents exclusive benefits and discounts.
\nSultan Alshahrani, Chief Corporate Oficer at KAFD DMC, said: \u201cKAFD 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\u2019s growing list of collaborations with leading Asian companies, underscoring KAFD\u2019s prominent role as an accelerator for economic cooperation.\u201d
\nFrom his side, Mr. Hendrik Lee, President of Samsung Electronics Saudi Arabia, commented: \u201cSamsung 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\u2019s 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\u2019s smart solutions and technologies to build strong digital infrastructure and deliver enhanced digital experience across the kingdom\u201d.
\nKAFD is the first neighborhood in MENA to achieve WiredScore\u2019s Global Smart Neighborhood Certification and is the first district to launch a Smart WiFi-7 service in Saudi Arabia, as part of a long-term strategic agreement with leading Chinese technology provider, Huawei. KAFD also has smart-city platform pilot programs underway with the Chinese artificial intelligence company,\u00a0SenseTime.<\/p>\n","protected":false},"excerpt":{"rendered":"
The King Abdullah Financial District Development and Management Company (KAFD DMC), the manager of Riyadh\u2019s premier business and lifestyle destination, and Samsung Electronice today announced the signing of a Memorandum of Understanding (MoU) to explore areas for collaboration on the development and implementation of integrated smart city technologies in KAFD. The [strategic] partnership will further …<\/p>\n","protected":false},"author":2,"featured_media":122539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-122541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"\n