KAFD and Samsung Sign Strategic MoU to Collaborate onSmart City Infrastructure and Technology
The King Abdullah Financial District Development and Management Company (KAFD DMC), Riyadh’s
premier business and lifestyle destination, and Samsung Electronics 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’s businesses, tenants, and visitors and build on KAFD’s
status as a conduit for collaboration and innovation between Saudi Arabia and Asia.
The MoU demonstrates KAFD’s commitment to strategically investing in and adopting cutting-edge
technologies, reimagining urban infrastructure and living through digital enablement. As a global
technology leader, Samsung’s track record of ground-breaking product development, supports KAFD’s
vision of leveraging smart city technologies to make urban districts more efficient, sustainable, and
human-centric for its inhabitants, in line with Vision 2030.
The collaboration lays the foundation of the advancement of KAFD’s 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.
Sultan Alshahrani, Chief Corporate Officer at KAFD DMC, said: “KAFD 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.
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’s growing
list of collaborations with leading Asian companies, underscoring KAFD’s prominent role as an
accelerator for economic cooperation.”
From his side, Mr. Hendrik Lee, President of Samsung Electronics Saudi Arabia, commented:
“Samsung 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’s 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’s smart solutions and technologies to build strong digital infrastructure and deliver enhanced
digital experience across the kingdom”.
KAFD is the first neighborhood in MENA to achieve WiredScore’s Global Smart Neighborhood
Certification and is the first district to launch a Smart WiFi-7 service in Saudi Arabia, as part of a longterm
strategic agreement with leading Chinese technology provider, Huawei. KAFD also has smart-
