Search Site

Trends banner

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

NHC, NAVER Cloud ink pact

The pact will help in utilizing three-dimensional maps of cities and create simulation models as a virtual representation of urban planning. (Creative Commons)
  • The agreement aims to boost cooperation, achieve common goals, exchange experience in the application of the innovative solutions.
  • The pact will help achieve the strategic visions of the municipal and housing sectors by adopting the best technologies for a sustainable future.

RIYADH, SAUDI ARABIA – The National Housing Company (NHC) on Tuesday signed a cooperation agreement with the Korean NAVER Cloud Corporation, on the occasion of 50 years of Korean-Saudi cooperation in the field of construction.

The agreement, signed in the presence of President of South Korea Yoon Suk Yeol, aims to boost cooperation, achieve common goals, exchange experience in the application of the best innovative solutions and practices, and integrate spatial data layers in geographic information systems (GIS).

It also aims at laying the foundation for the advanced digital solutions that NHC is working to develop and operate in the main cities of the Kingdom through the Baladi platform.

The platform includes three-dimensional maps of cities and creates simulation models as a virtual representation of urban planning, flood management, and control and monitoring centers.

NHC CEO Engineer Mohammed Albuty said that the agreement comes as a reaffirmation of NHC’s keenness to establish effective partnerships with leading technical systems to be able to carry out the best global practices.

He said that the pact will help achieve the strategic visions of the municipal and housing sectors by adopting the best technologies to achieve a sustainable future, through comprehensive development, improving the quality of life of citizens, developing smart infrastructure, coming up with advanced technical solutions.

He added that it would also boost digital capability to develop and operate a number of government digital platforms.