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Kakao Mobility to supply mobility solutions to Saudi Arabia’s Diriyah project

Ryu Geung-sun, CEO of Kakao Mobility, and Jerry Inzerillo, CEO of Diriyah Company Group, signed a memorandum of understanding in this regard
 

South Korean firm to provide mobility solutions to Diriyah project

Kakao Mobility announced on June 1 that it will export its parking platform solution abroad for the first time since its founding, marking its entry into the global market.

On May 26, Ryu Geung-sun, CEO of Kakao Mobility, and Jerry Inzerillo, CEO of Diriyah Company Group, signed a memorandum of understanding (MOU) at the Diriyah Gate Development Authority in Saudi Arabia. The agreement outlines plans for the joint development of future mobility services aimed at delivering platform-based mobility experiences in Diriyah.

 

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As part of the deal, Kakao Mobility will supply integrated mobility solutions to the 'Diriyah Project,' a major urban development initiative led by the Saudi government. The agreement includes a proof of concept (PoC) project to implement a digital parking infrastructure in Diriyah, which spans 14 square kilometers and is expected to accommodate around 60,000 vehicles.

Kakao Mobility’s solution will incorporate advanced technologies, including its mobile network-based indoor positioning system 'FIN' and its centralized parking control system 'UPC', to build and operate a digital parking platform in the area.

The two parties will evaluate key aspects such as user experience, operational efficiency, and smart parking capabilities through the PoC. Based on the results, they will explore broader applications across the development zone and consider further collaboration on demand-driven mobility services.

 

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“This partnership represents a meaningful step in introducing Kakao Mobility’s capabilities to the global market,” said CEO Ryu. “We are committed to showcasing the strength of our solutions and delivering smart mobility experiences abroad.”

Kakao Mobility views this agreement as a strategic opportunity to demonstrate its technological innovation and operational expertise in the Middle East and beyond.

Source: ChosunBiz

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