Orange Business will design, build and run an end-to-end platform, integrating AI and analytics into existing digital infrastructure of the KAFD development.
Orange Business has signed a deal with the King Abdullah Financial District Development & Management Company (KAFD DMC) in Saudi Arabia to design, build and run a smart city platform for its city-within-a-city development in Riyadh.
Read more: SA: Smart city platform to optimise Riyadh business district
Mohammed bin Saleh Al-Bati, the CEO of the National Housing Company, has announced the launch of a new project to develop the city of "Banan" in the Saudi capital, Riyadh, in partnership with the Egyptian Talaat Moustafa Group.
Al-Bati, speaking at the Cityscape Global conference held in Riyadh, stated that the new project aims to create a comprehensive smart residential city with sustainable quality of life standards, implemented according to international standards.
Read more: SA: New smart city project called "Banan" agreed in Riyadh
NEOM is a new urban area planned by the Kingdom of Saudi Arabia to be built in its northwestern Tabuk Province. The area is bounded by the Red Sea to the south and the Gulf of Aqaba to the west. NEOM's unique location will provide residents with enhanced livability. Its diverse climate offers both beaches and snow-capped mountains.
What does NEOM mean?
NEOM is derived from two words; the first three letters come from the Ancient Greek prefix neo – meaning 'new', while the 'M' is the first from 'Mustaqbal', an Arabic word meaning 'future'. The M is also the first letter of His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors.
Read more: What Are All the Things We Know About Saudi Mega-Project NEOM?
Orange Business to design, build and run new end-to-end platform, integrating AI and data analytics into existing KAFD digital infrastructure in Saudi Arabia
Orange Business has inked a transformative deal with the King Abdullah Financial District Development & Management Company (KAFD DMC) to propel Riyadh’s prestigious business district, the King Abdullah Financial District (KAFD), into the era of smart urban development. This strategic partnership aims to create a cutting-edge Smart City Platform that will seamlessly integrate and connect existing digital technologies while harnessing the power of artificial intelligence (AI) and data analytics.
Read more: Saudi Arabia to turn prime business district into a new smart cognitive city
Saudi Arabia's Crown Prince Mohammed Bin Salman, known by his initials MBS, has become known for his ambitious projects in the kingdom.
The latest flagship project for the Crown Prince is the construction of the futuristic megacity NEOM, featuring a $1 trillion pair of skyscrapers forming a corridor in the desert.
Read more: Saudi Arabia's $1 trillion skyscraper which stretches 75 miles is now under construction