Seoul, South Korea — New Murabba Development Company, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has signed a three-year New Murabba Naver Cloud agreement with South Korea’s Naver Cloud, a leader in smart technology and cloud solutions. The partnership was formalized during the Investment and Partnership Forum, held at Seoul’s Conference Center from June 30 to July 2, 2025.
The three-year New Murabba Naver Cloud agreement focuses on advancing smart city technologies and digital transformation. Key areas include robotics, autonomous vehicles, smart platforms, and digital tools to track construction progress for the New Murabba Destination.
The 14-square-kilometer New Murabba project is a significant urban development in Riyadh. It aims to transform the Saudi capital through innovation, infrastructure, and sustainability.
Advancing Saudi Smart City Projects and Saudi-Korea Technology Cooperation
Michael Dyke, CEO of New Murabba, stressed the importance of international partnerships for delivering modern urban innovation.
“This partnership reflects our commitment to building strategic relationships with global leaders to create smarter, more sustainable cities,” he said during the ceremony.
The collaboration supports Saudi smart city projects by integrating advanced technologies to enhance livability, efficiency, and connectivity. Naver Cloud’s expertise in digital infrastructure will drive key phases of New Murabba’s development.
The agreement also reflects stronger Saudi-Korea technology cooperation, reinforcing both countries’ shared commitment to innovation and smart infrastructure.
Showcasing Riyadh Urban Development and PIF Global Partnerships
During the Investment and Partnership Forum, New Murabba presented its master plan, investment opportunities, and development progress to over 500 participants. The audience included investors, developers, decision-makers, and smart solution providers.
The event featured scaled models and virtual reality presentations. These offered an in-depth look at Riyadh’s urban expansion plans.
Dyke shared that New Murabba has completed over 14 million cubic meters of excavation work. That amount equals roughly 5,400 Olympic-sized swimming pools. This milestone reflects significant progress in preparing for core project components.
The initiative aligns with the Public Investment Fund’s partnerships, which aim to drive economic diversification, infrastructure growth, and global collaboration under Saudi Arabia’s Vision 2030.
The Saudi Standard’s View: Global Tech Partnerships Driving Riyadh’s Smart City Vision
The New Murabba Naver Cloud agreement represents more than a technology partnership. It reflects Saudi Arabia’s growing ability to position Riyadh as a global leader in smart cities.
New Murabba shows how Saudi urban development is evolving beyond traditional infrastructure. Through robotics, autonomous systems, and real-time platforms, the project supports Vision 2030’s goal of building future-ready, people-centered cities.
Furthermore, the partnership with Naver Cloud underscores Saudi Arabia’s efforts to tap into expertise from global markets. This collaboration strengthens Saudi-Korea relations and accelerates digital innovation within one of the region’s most ambitious developments.
New Murabba’s success depends on sustained partnerships and the effective use of smart city solutions. These efforts will redefine Riyadh’s urban landscape and position Saudi Arabia as a global hub for sustainable, innovation-driven development.
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