Kakao Mobility to supply integrated mobility solution to Diriyah Company

Kakao Mobility's agreement to supply its integrated mobility solution to Diriyah Company represents a strategic move to penetrate the burgeoning smart city development market in Saudi Arabia. The paid proof-of-concept (PoC) agreement focuses on digitizing local parking infrastructure and adapting Kakao Mobility's existing Kakao T platform for the Diriyah smart city. While the financial details remain undisclosed, the deal signifies a commitment from Diriyah Company to incorporate advanced mobility solutions into its urban planning. The involvement of Saudi Paper Group as a supplier, despite their primary focus on paper products, suggests a potential diversification or supporting role within the broader smart city ecosystem, possibly related to packaging or other paper-based solutions for the mobility infrastructure. This agreement is notable as it marks Kakao Mobility's entry into the Saudi Arabian market and its participation in a high-profile smart city project. The adaptation of the Kakao T platform, a proven mobility solution, for a new geographic context highlights the potential for scalability and international expansion within the smart mobility sector. The deal's success could pave the way for further collaborations between Kakao Mobility and other smart city developers in the region, establishing them as a key player in the evolving urban mobility landscape.