K-water, Naver to set up water management platform for Saudi Arabia

Korea Water Resources Corp., or K-water, is officially set to commence a water management platform in Saudi Arabia jointly with Korean internet giant Naver, for the next five years, the state-run water management agency said Tuesday.

The project was announced in a statement by Naver and Saudi Arabia's Ministry of Municipal and Rural Affairs and Housing. This official agreement builds on a partnership initially established between Naver and K-water earlier this month, aiming to penetrate the Middle East.

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K-water previously utilized its digital twin platform for flood forecasting at home. K-water intends to transfer the advanced systems developed through this platform -- including flood monitoring, forecasting and warning systems, rainfall radars, and flood simulations -- to Saudi Arabia.

“Saudi Arabia has chosen South Korea as its water management partner while preparing for the post-oil era and undertaking large-scale urban infrastructure projects. This partnership holds significant meaning. Whereas the Middle East boom of the 20th century was based on labor-intensive export industries, we now aim to secure new growth engines by pioneering a second era of Middle East, centered on the export of water-based core technologies and solutions,” said K-water CEO Yun Seog-dae.

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ⓒ Park Se-ra of The Korea Herald by Herald Corporation

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