Naver expedites AI, digital infrastructure biz in Saudi Arabia

Naver founder and chairman Lee Hae-jin is accelerating the company’s push into Saudi Arabia, signaling a broader expansion beyond its current smart city projects into digital finance infrastructure. His latest visit to the country’s capital Riyadh marks a key step in Naver’s efforts to establish a stronger presence across the Middle East. According to the local news outlet Saudi Press Agency (SPA), Lee met with the country’s Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, on Tuesday (local time) during Cityscape Global 2025, one of the world’s largest construction and real estate trade fairs, in Riyadh. The two reportedly discussed cooperation in digital finance, data centers and urban development based on artificial intelligence (AI), deepening ties they initially formed when Al-Hogail visited Naver’s 1784 headquarters in Gyeonggi Province in 2022 to experience the company's digital twins, robots and AI technologies. SPA reported that both sides explored partnerships specifically on stablecoin-based digital currencies and real estate tokenization, as weWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times