The King Abdullah Financial District Development & Management Company (KAFD DMC) has signed a strategic partnership agreement with IoT Squared, a leader in Internet of Things (IoT) solutions, at the Cityscape Global, held here from November 11 to 14.
According to a KAFD press release issued today, the new partnership aims to advance KAFD's smart city infrastructure, sustainability practices, security, and operational efficiency, strengthening its position as Saudi Arabia's premier business and lifestyle destination.
Through this collaboration, the KAFD will enhance its urban infrastructure by integrating advanced smart city technologies, including renewable energy solutions, smart grid systems, and incident management capabilities, to optimize real-time data capture and response. Additionally, IoT-enabled safety devices will be introduced to improve public safety and employee monitoring.
KAFD DMC Chief Marketing and Experience Officer Mazroua AlMazroua said: "With global smart city investments expected to exceed $2.5 trillion by 2025, the integration of advanced technology and secure infrastructure has never been more critical.
Our partnership with IoT Squared supports our mission for smart, sustainable, and safe urban living. This collaboration strengthens KAFD's smart city capabilities, setting new benchmarks for urban development and digital innovation in the Kingdom, supporting a sustainable and resilient future for all who live, work, and visit."
Aligned with Saudi Arabia's Vision 2030, KAFD is dedicated to setting new standards for smart city design and sustainable urban living. This strategic partnership will play a pivotal role in positioning KAFD as a model for smart and green urban developments in the region and a benchmark for the future of mobility, said the release.
The KAFD stands as a pioneering smart and green district, the first in the Middle East and North Africa region to achieve WiredScore's Global Smart Neighborhood Certification, which highlights its advanced digital infrastructure, commitment to sustainability, and integrated live-work-play environment.
A LEED Platinum-certified district, the KAFD includes over 40 LEED Silver and Gold-certified buildings, including the world's first LEED Platinum v4-certified fire station, establishing it as a premier sustainable and digitally enabled business destination, according to the press release.
