Latest news with #smartmobility
Trade Arabia
3 days ago
- Business
- Trade Arabia
Korean group to develop hitech mobility solutions for Diriyah project
Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture and entertainment, has signed an agreement with Korea's Kakao Mobility, thus setting the stage for development and deployment of advanced mobility technologies within the first phase of its flagship sub-project under the broader Diriyah master plan. A unit of Saudi sovereign wealth fund PIF, Diriyah is helping shape the future of Saudi Arabia's most iconic destination, thus honouring its heritage while embracing innovation. Diriyah Company said this strategic partnership aims to leverage innovative smart parking technologies and develop digital platforms that promote seamless, efficient mobility for its residents and visitors. Under this agreement, both parties will collaborate on an in-depth assessment to support the development of smart parking infrastructure and digital platforms at selected sites within the first phase of the Diriyah project. This includes integrating digital parking systems, enabling seamless data connectivity, optimizing user experiences, and designing efficient operational workflows, it stated. Group CEO Jerry Inzerillo said the agreement marks a significant advancement in smart mobility, affirming the company's commitment to delivering world-class projects that will serve millions of visitors, enhance quality of life in Diriyah, and support the broader goals of Saudi Vision 2030.
Arab News
3 days ago
- Business
- Arab News
Saudi Arabia's Diriyah Co., Kakao Mobility sign deal to boost smart mobility
RIYADH: Diriyah Co., backed by Saudi Arabia's Public Investment Fund, has signed a memorandum of understanding with South Korea-based Kakao Mobility to enhance smart mobility infrastructure across the historic city of Diriyah. Announced in a post on X, the agreement is designed to develop integrated transportation solutions to accommodate the 50 million annual visitors projected during the first phase of the Diriyah project. The partnership will see Kakao Mobility contribute to the implementation of digital transport systems, seamless transit services, and smart parking infrastructure. The initiative aligns with Saudi Arabia's broader push to diversify its economy and reduce its dependence on oil, as outlined in Vision 2030. 'Mobility to shape the future of urban mobility. This collaboration brings smart, sustainable solutions to life, enhancing the digital movement experience for over 50 million annual visits by 2030,' Diriyah Co. stated in its post on X. The agreement marks the beginning of a phased rollout, starting with a smart parking pilot. The project also includes plans for a fully integrated prototype for smart parking and the deployment of advanced digital systems to streamline urban movement within Diriyah. In addition to enhancing visitor mobility, the collaboration supports Saudi Arabia's National Tourism Strategy, which aims to attract 150 million visitors annually by 2030. The company emphasized that the digital platform under development will connect key destinations within Diriyah, contributing to sustainable urban mobility and reinforcing the Kingdom's commitment to innovation and smart city solutions. Once completed, the Diriyah development is expected to contribute SR18.6 billion ($4.96 billion) to the Kingdom's gross domestic product and create approximately 178,000 jobs. In April, Diriyah Co. awarded a contract worth SR5.1 billion for the construction of the Royal Diriyah Opera House — a major cultural project. The contract was granted to El-Seif Engineering Contracting, Midmac Contracting Co. W.L.L., and China State Construction Engineering Corp.
Asharq Al-Awsat
3 days ago
- Business
- Asharq Al-Awsat
Diriyah Company Partners with Kakao Mobility to Develop Cutting-Edge Mobility Solutions
Saudi Arabia's Diriyah Company has signed a Memorandum of Understanding (MoU) with South Korea's Kakao Mobility. The MoU sets the stage for developing and deploying advanced mobility technologies within the first phase of Diriyah, a flagship sub-project under the broader Diriyah master plan. A statement from Diriyah Company said the partnership aims to leverage innovative smart parking technologies and develop digital platforms that promote seamless, efficient mobility for Diriyah's residents and visitors. By integrating global best practices and innovations in smart mobility, the initiative supports Diriyah's transformation into a premier global cultural and tourism destination, with a target of attracting more than 50 million visits annually by 2030. Under the agreement, both parties will collaborate on an in-depth assessment to support the development of smart parking infrastructure and digital platforms at selected sites within the first phase of the Diriyah project. This includes integrating digital parking systems, enabling seamless data connectivity, optimizing user experiences, and designing efficient operational workflows. Group CEO of Diriyah Company Jerry Inzerillo stated that the agreement marks a significant advancement in smart mobility, underlining the company's commitment to delivering world-class projects that will serve millions of visitors, boost quality of life in Diriyah, and support the broader goals of Saudi Vision 2030.
Associated Press
27-05-2025
- Business
- Associated Press
Verra Mobility to participate in two investor conferences in June 2025
MESA, Ariz., May 27, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcoming investor conferences. David Roberts, President and CEO, Craig Conti, Chief Financial Officer, and Jon Baldwin, EVP Government Solutions, are scheduled to present at the Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at 9:05am ET. Mr. Roberts and Mr. Conti will also present at the William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, 2025, at 3:20pm CT (4:20pm ET). Live webcasts, as well as a replay of the presentation and fireside chats at both investor conferences, will be accessible from the Investor Calendar section of Verra Mobility's investor relations website at About Verra Mobility Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit Forward Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as 'hope,' 'anticipate,' 'may,' 'believe,' 'expect,' 'intend,' 'will,' 'should,' 'plan,' 'estimate,' 'predict,' 'continue' and 'potential' or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, as well as information available on its corporate website and investor relations website. Understanding the information contained in these filings and on the corporate and investor relations websites is important to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. Additional Information We periodically provide information for investors on our corporate website, and our investor relations website, We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts. View original content to download multimedia: SOURCE Verra Mobility
Al Bawaba
16-05-2025
- Automotive
- Al Bawaba
Abu Dhabi officially begins robotaxi tests
Published May 16th, 2025 - 07:40 GMT ALBAWABA – Abu Dhabi, the capital city of the United Arab Emirates (UAE), is now officially testing driverless robotaxis around the city. Developed by WeRide, the initiative plans to expand its official driving routes to include new coverage areas. WeRide robotaxi service now available in Abu Dhabi WeRide, a leading commercial-stage global company developing autonomous driving technologies from Level 2 to Level 4, has officially launched driverless robotaxi tests in Abu Dhabi. Residents and visitors will be able to experience driverless taxi tours across various areas, including Al Maryah Island and Al Reem Island. The service, the first of its kind in the Middle East, has started in a few areas and will expand to cover the entire city after obtaining regulatory approval. We're launching fully driverless #Robotaxi trial operations in Abu Dhabi — a first in the Middle East. 🇦🇪🚖 Starting this quarter, our Robotaxis will operate on public roads without a safety driver. 📍 We're also expanding coverage to Al Maryah and Al Reem Islands, in addition… — (@WeRide_ai) May 16, 2025 'In parallel, we are expanding commercial service to high-demand areas like Al Maryah and Al Reem Islands – bringing smart mobility solutions to more users in the Middle East. Together, these demonstrate our technological maturity while moving us closer to mass commercialisation of Robotaxis,' stated Jennifer Li, CFO and Head of International Business at WeRide. Notably, the robotaxis feature sophisticated sensors, artificial intelligence (AI) technologies, and advanced mapping systems to navigate the roads. Also Read China's Self-Driving Startup WeRide Deepens Ties With Nissan © 2000 - 2025 Al Bawaba (
