Page 59 - KAEC PR REPORT - FEBRUARY 2024

2/12/24, 11:32 AM PRESSR: Emaar, The Economic City partners with hopOn to launch new ‘Mobility Solutions’ for smart transportation — TradingVi…
Under the agreement, KEAC will leverage hopOn’s expertise in

mobility solutions to create a seamless and efficient transportation

network within the city, catering to the diverse needs of its

residents and visitors. This includes facilitating last-mile mobility

from the Haramain train station to key districts and destinations in

the city, implementing various bus routes, and providing on-demand

busses, e-shutters, and vans, along with options for two-wheel

scooters, three-wheel scooters, mechanical bikes, and electric

bikes.

Additionally, innovative smart transport as well as smart on-street

and off-street parking solutions will be integrated, allowing people

to book ad-hoc rides and reserve parking spaces through a smart

mobile app. This collaboration underscores KAEC’s commitment to

developing a world-class, integrated lifestyle city that adds to the

socio-economic prosperity and sustainability of Saudi Arabia.

During its participation at the PIF Private Sector Forum, KAEC

highlighted a spectrum of opportunities for public-private

partnerships in the city across various sectors, including hospitality,

entertainment, commercial, residential, and industrial. Hosted by

PIF, the main stakeholder of Emaar, The Economic City, the forum

aimed to enhance partnerships between the PIF portfolio companies

and private sectors while spotlighting avenues for local collaboration

in key strategic sectors.

Cyril Piaia, CEO of Emaar, The Economic City, said, “Our goal at

Emaar, The Economic City, is to promote sustainable economic

https://www.tradingview.com/news/reuters.com,2024-02-11:newsml_Zaw8tT8BX:0-pressr-emaar-the-economic-city-partners-with-hopon-to-launch-ne… 2/5