Latest news with #KakaoMobility
CNA
18-06-2025
- Business
- CNA
Tencent says reports of its interest in Nexon, Kakao's mobility unit are untrue
SHANGHAI :Tencent said reports that it is studying deals for Nexon and Kakao's mobility unit are untrue. The Korea Economic Daily reported on Wednesday that Tencent was interested in buying a 40 per cent stake in Kakao's mobility unit from financial investors. Bloomberg reported last week that Tencent was studying a deal for $15 billion South Korean game developer Nexon.
Reuters
18-06-2025
- Business
- Reuters
Tencent says reports of its interest in Nexon, Kakao's mobility unit are untrue
SHANGHAI, June 18 (Reuters) - Tencent said reports that it is studying deals for Nexon (3659.T), opens new tab and Kakao's ( opens new tab mobility unit are untrue. The Korea Economic Daily reported on Wednesday that Tencent was interested in buying a 40% stake in Kakao's mobility unit from financial investors. Bloomberg reported last week that Tencent was studying a deal for $15 billion South Korean game developer Nexon.
Trade Arabia
01-06-2025
- 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
01-06-2025
- 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
01-06-2025
- 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.
