Page 11 - KAEC PR REPORT - FEBRUARY 2024

Press Release

progress towards our goal of steering socio-economic development in the Kingdom of Saudi
Arabia while also attracting third-party investors from the private sector in line with the Kingdom's
Vision 2030 strategy.”

“Another significant milestone is our collaboration with hopOn, which exemplifies our ongoing
commitment to innovation and excellence in every aspect of urban living. In addition to improving
mobility within the city, our combined efforts will raise the bar for intelligent urban developments
worldwide. Our residents and visitors can look forward to a seamless and integrated mobility
experience, regardless of whether they are commuting to work or simply touring the community,”
he added.

Jamil Naji Jamjoom, Co-Founder and CEO of hopOn commented, “hopOn is committed to
building smarter, more connected cities with seamless, sustainable, and universally accessible
transportation. We are dedicated to transforming urban mobility, as demonstrated by our
partnership with Emaar, The Economic City. KAEC’s commitment to innovation and excellence
is perfectly aligned with hopOn’s mission, and we look forward to joining forces to improve
mobility experiences for both residents and visitors.”

The second edition of the PIF forum successfully brought together PIF companies and Private
Sector companies to spur significant economic growth investments. With its mission to develop
and shape transformative urban living experiences, KAEC is well-positioned to boost Saudi
Arabia's economic and social development through impactful partnerships and endeavours.

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About KAEC

Located on the shores of the Red Sea and spanning an area of 181 million square meters, King Abdullah Economic
City is one of the most important economic cities in the world. The city boasts a modern lifestyle, destinations that
encourage tranquillity and relaxation, and modern living details. It is one of the newest cities in Saudi Arabia,
established in 2005 by King Abdullah bin Abdulaziz Al Saud and has become one of the most important entertainment
destinations visited by millions of visitors. The city is covered with green spaces and features King Abdullah Port, the
fastest-growing port in the world, as well as family-friendly activities such as luxurious resorts, locally styled
accommodations, and water activities on stunning beaches. Additionally, the city's beautiful marine facade offers an
exceptional experience that blends captivating natural components. The city also features thrilling adventures that take
your breath away, such as scuba diving, rowing, and go-karting for enthusiasts.

About hopOn

hopOn, Saudi Arabia's home-grown visionary micro-mobility provider, founded by Jamil Jamjoom and Nezha Saidi,
serial entrepreneurs, are steering the sustainable transport revolution with its electric fleet, setting a new standard for
urban mobility. Recognized for its innovative MaaS solutions, hopOn is enhancing connectivity by blending public
and private transit networks, underpinned by smart parking systems that mirror the sophistication of smart cities.
Technologically partnered with TRC, hopOn's operations are empowered by robust City-as-a-Service technologies.
Their advanced AI capabilities are the cornerstone of a seamless, integrated urban experience. This synergy is at the
heart of King Abdullah Economic City's transformation, positioning it as a launchpad for the nationwide smart city
revolution. With sustainability as their compass, together they are expanding their blueprint across Saudi Arabia, using
KAEC as a model for intelligent, connected communities.