News

Saudi Arabia Plans Digital Twins For 5 Cities, Including Mecca

The project involves the creation of a cloud-based platform that will become central to the Kingdom’s smart city project.

Published

1 year ago

October 25, 2023

Nour Nasir

saudi arabia plans digital twins for 5 cities including mecca

South Korean tech company Naver has signed a contract with the Saudi Arabian Ministry of Municipal, Rural Affairs and Housing (MOMRAH) to build and administer digital twins for five of the country’s biggest cities: Riyadh, Medina, Jeddah, Dammam, and Mecca.

The news comes after a visit from South Korean President Yoon Suk Yeol, who arrived in the Kingdom to discuss deepening economic ties, explaining that “If South Korea, which has cutting-edge technologies and a successful experience of industrial development, joins hands with Saudi Arabia, with its abundant capital and growth potential, we can create synergy stronger than any other nation”.

naver saudi arabia digital twin cities agreement

Naver has already signed a memorandum with MOMRAH to support Saudi Arabia’s digital transformation. Discussions have also taken place with Majed Al Hogail, Saudi Arabia’s Minister of Housing, on digitizing other aspects of city planning, transportation, and public safety.

The digital twin program reflects ongoing efforts to boost decision-making and improve digitization using AI, robotics, and cloud-based solutions. The project will be pivotal in the development of smart city infrastructure and will be used for a wide variety of tasks, including urban planning and flood monitoring.

Also Read: Saudi Arabia Launches Summer 2024 eSports World Cup

“Leveraging Naver’s globally competitive technologies, we aim to spearhead the second wave of export boom to the Middle East. With this project as a starting point, Naver will also act as a bridge for Korean IT startups entering the Middle Eastern market,” announced Chae Seon-ju, President of ESG and External Policy at Naver.

Korean company Naver emphasized that digital twins platform could become the foundation for numerous technologies and services in what could become a continually evolving project. South Korean and Saudi startups could also use the open platform cloud software for urban water management, real estate services, robotics, autonomous driving applications, and traffic planning.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

3 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.