Riyadh, Saudi Arabia – May 31, 2025 – Diriyah Company, a key player in Saudi Arabia’s cultural and urban development, has signed a Memorandum of Understanding (MoU) with South Korea’s Kakao Mobility to advance innovative mobility technologies for the first phase of the Diriyah giga project. This strategic partnership aims to enhance seamless mobility for residents and visitors through smart parking technologies and advanced digital platforms, aligning with Saudi Vision 2030’s goals of fostering innovation and economic diversification.
The collaboration focuses on integrating digital parking systems, ensuring seamless data connectivity, optimizing user experiences, and streamlining operational workflows. It includes independent assessments to support the development of smart parking infrastructure at selected sites within the Diriyah project. The initiative will commence with a smart parking pilot, with plans for expansion based on its success, market demands, and strategic objectives. Kakao Mobility will leverage its global expertise to ensure smooth integration and execution of these advanced mobility solutions.
The Diriyah giga project, spanning 14 square kilometers, is set to become a global cultural and tourism destination, targeting over 50 million annual visits by 2030. The development includes the Royal Diriyah Opera House, Diriyah Arena, approximately 40 luxury hotels and resort brands, and a diverse array of restaurants, cafés, and educational institutions. The project is projected to create nearly 178,000 jobs and contribute approximately SAR 70 billion (USD 18.6 billion) to Saudi Arabia’s economy.
In an official press release, Jerry Inzerillo, Group CEO of Diriyah Company, stated, “We are proud of this partnership, which marks a significant step forward in advancing smart mobility solutions for the City of Earth. It reflects our solid commitment to delivering world-class projects that will serve our residents and visitors by 2030 and beyond, enhancing the quality of life in Diriyah, and supporting the broader goals of Saudi Vision 2030. Our collaboration with Kakao Mobility, a leading Korean innovator in the field, underscores our dedication to providing an exceptional experience for everyone. By embracing the latest smart technologies in mobility and parking management, we are reinforcing our focus on operational excellence and digital transformation while further positioning Diriyah as a premier global destination.”
Gung Seon Ryu, CEO of Kakao Mobility, added, “He reaffirmed the company’s commitment to leveraging its global expertise to deliver smart mobility solutions that enhance transportation experiences across Saudi Arabia. He commended Diriyah’s forward-thinking efforts to establish advanced, sustainable infrastructure that fosters innovation and seamless technological integration. He emphasized that such initiatives reinforce Diriyah’s emergence as a world-class authentic destination where heritage and modernity coexist harmoniously.”
This partnership underscores Diriyah Company’s commitment to transforming Diriyah into a leading global destination, blending cultural heritage with cutting-edge technology to enhance visitor experiences and support Saudi Arabia’s vision for a sustainable future.
