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SenseTime Signs MOU with The King Abdullah Financial District (KAFD) to Drive and Deploy Smart City Initiatives
June 29, 2022 – SenseTime has signed a memorandum of understanding (MoU) with the King Abdullah Financial District (KAFD), a special economic zone in Saudi Arabia at a virtual signing ceremony today. The partnership aims to support the development of smart city platforms to provide better services to businesses and those living in the district.
Gautam Sashittal, CEO of KAFD (Left) and George Huang, CEO of International Business Group, SenseTime Group (Right)
Located at the heart of Riyadh, KAFD has redefined the city’s skyline with its 94 towers and offers a world-class business ecosystem and vibrant lifestyle experiences. KAFD is a landmark project and key driver of Riyadh’s economic ambitions and Saudi Vision 2030. As a result of the MoU agreement between SenseTime and KAFD, SenseTime will run a pilot project at KAFD to deploy its cutting-edge AI technologies and demonstrate a scalable Smart City Platform to improve overall operation optimization, asset management and user experience.
The Smart City Platform consists of a full range of modules, such as Smart Building Management, Smart Parking Management and Smart Office Management. The Smart Building and Parking Management platforms will provide contactless access and real-time services for residents, tenants and visitors. The Smart Office Management platform helps to enhance the working experience in commercial premises by providing digital office products and services.
George Huang, CEO of International Business Group, SenseTime Group, said, “SenseTime is committed to developing best-in-class AI software for our clients with our technological capabilities and innovations. It is our honour to partner with KAFD as Saudi Arabia broadens its role in the world economy alongside its Vision 2030 agenda.”
Gautam Sashittal, CEO of KAFD, commented, “KAFD is leading the way in smart city solutions and are committed to providing exceptional customer service. AI and data analysis will help us to tailor the KAFD experience to every visitor, resident and employee. Our Smart City Strategy includes not only smart building management, but also a destination portal, free public WiFi, charge points, VR and AR experiences. We look forward to working with SenseTime and other partners to keep KAFD at the cutting edge of not only technological development, but also customer service.”