Riyadh, Saudi Arabia - At Cityscape Global 2024 in Riyadh, the King Abdullah Financial District Development & Management Company (KAFD DMC) signed a strategic partnership with IoT Squared, a leader in Internet of Things (IoT) solutions, reaffirming its commitment to developing a future-ready urban environment.

This partnership, signed in the presence of senior executives from both companies, 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 with IoT Squared, an innovative IoT provider, 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 worker monitoring.

Emphasizing the importance of this collaboration, IoT Squared CEO, Othman Aldahash, said: “Our partnership with KAFD unites our smart community portfolio and IoT expertise with their visionary approach to creating a modern, connected district. This collaboration not only boosts sustainability and operational efficiency but also enhances the experience for KAFD’s employees and visitors, setting a new standard for future-ready, smart urban ecosystems in the region.”

“With global smart city investments expected to exceed USD $2.5 trillion by 2025, the integration of advanced technology and secure infrastructure has never been more critical,” said Mazroua AlMazroua, Chief Marketing and Experience Officer at KAFD DMC. “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 remains 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.

KAFD stands as a pioneering smart and green district, the first in the Middle East and North Africa (MENA) region to achieve WiredScore’s Global Smart Neighborhood Certification. This certification highlights its advanced digital infrastructure, commitment to sustainability, and integrated live-work-play environment. A LEED Platinum-certified district, 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.