[Featured Stock] Naver Rises on Saudi Digital Twin Platform Contract Win
NAVER is on the rise following news that it has secured a digital twin platform construction project from Saudi Arabia.
As of 9:45 AM on the 24th, NAVER was trading at 181,100 KRW, up 1.57% compared to the previous trading day.
This project involves building and operating a cloud-based 3D digital modeling "digital twin platform" over five years starting next year, targeting five cities including the capital Riyadh, Medina, Jeddah, Dammam, and Mecca. It is NAVER's first large-scale Middle East project.
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Digital twin technology creates virtual models that replicate real weather phenomena or objects like twins, supporting real-world decision-making through simulation experiments such as analysis, prediction, and optimization based on various data. Saudi Arabia plans to use this platform for urban planning and flood prediction. Meanwhile, the project scale is reported to be around 100 million USD.
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