Naver launches Saudi digital twin project for smart cities

The five-year project will create virtual reality to plan the smart city infrastructure of Riyadh and four major cities

Naver's virtual simulations of cities based on digital twin platforms
Naver's virtual simulations of cities based on digital twin platforms
Ji-Eun Jeong 1
2024-07-23 13:37:55 jeong@hankyung.com
Artificial intelligence

South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh and four other major cities in the Middle Eastern country.

Naver said on Tuesday that it held a ceremony with Saudi Arabia’s Ministry of Municipal, Rural Affairs and Housing (MOMRAH) and National Housing Company (NHC) on July 21 to celebrate the launch of the digital twin platform project.

A digital twin is a virtual representation of a real-world physical product or system for practical purposes such as simulation, integration, testing and maintenance. The technology is used to predict failures or opportunities and receive real-time data in various industries including aerospace, automotive, construction, energy and infrastructure.  

The project follows Naver’s $100 million deal signed last October to build the platforms in the Saudi capital, Medina, Jeddah, Dammam and Mecca based on its cloud technology. Since then, the Korean online portal giant has set up plans for the project through on-site inspections, analyses and negotiations.

Naver will begin creating digital twin platforms through mapping and three-dimensional (3D) modeling of the five Saudi cities.

The internet giant will develop the project with two Korean state-backed companies, the Korea Water Resources Corp. (K-water) and Korea Land and Geospatial Informatix Corp. (LX) for core services such as smart city infrastructure planning and the online simulation of natural disasters.

Naver will identify prime examples of the use of digital twin platforms during the project, as well as explore opportunities for value-added businesses related to the technology, said a Naver official.

Naver owns solutions that create virtual cities by using aerial photography and artificial intelligence. Based on digital twin platforms, virtual reality has high accuracy with an error margin of around 10 centimeters.

The twin platform business can expand with the company’s original technology to replicate reality in the virtual space and the digital cloud that can stably process the data.

Write to Ji-Eun Jeong at jeong@hankyung.com

Jihyun Kim edited this article.

Naver logs record earnings on e-commerce, content; stocks up

Naver logs record earnings on e-commerce, content; stocks up

Naver headquarters in South Korea (File photo, Courtesy of Yonhap) South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its share price to a near three-week high.Naver said on Friday its operating profit r

Nike looks to lure Korean customers with Naver’s generative AI ad platform

Nike looks to lure Korean customers with Naver’s generative AI ad platform

CLOVA for AD-Nike (Courtesy of Naver) Nike Inc., the leading global sportswear brand, has launched an advertising campaign in South Korea on the generative artificial intelligence (AI) ad platform of the country’s online giant Naver Corp., which is seeking new growth engines.The US athlet

Naver, PIF-backed JV join hands for Saudi Arabia’s smart cities

Naver, PIF-backed JV join hands for Saudi Arabia’s smart cities

Naver Cloud's office in Pangyo, South Korea (Photo captured from Naver) South Korean online portal giant Naver Corp. is planning to accelerate Saudi Arabia’s digital transformation in partnership with a tech firm backed by Public Investment Fund (PIF), the world’s sixth-largest sove

UAE, Korea’s Naver Z join hands for virtual reality tech

UAE, Korea’s Naver Z join hands for virtual reality tech

Heesuk Ricky Kang, head of business at Naver Z (left), Sharjah Deputy Ruler Sultan bin Ahmed Al Qasimi, Sharjah Media City Chairman Khalid Omar Al Midfa (right) at Naver's headquarters on Dec. 8 in Pangyo, Korea (Courtesy of Naver) South Korea’s Naver Z Corp., the operator of virtual worl

Naver secures $100 mn digital twin project in Saudi Arabia

Naver secures $100 mn digital twin project in Saudi Arabia

South Korea's dominant web portal giant Naver Corp. has won a contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal and Rural Affairs (MOMRAH), sources familiar with the matter said on Tuesday. While Naver did not specify the contract's size, the deal is valued a

(* comment hide *}