Riyadh, Saudi Arabia – June 17, 2025 – AlBawani Construction Company, one of the Kingdom’s leading construction firms, and Samsung, the global technology leader, have signed a milestone (MoU) to explore strategic collaboration opportunities in smart construction technologies and infrastructure development.

The MoU establishes a framework for both companies to cooperate on knowledge exchange, and integrated technology solutions aimed at driving the next generation of smart buildings and infrastructure projects across the region.

Eng. Fakher AlShawaf, GCEO of AlBawani Holding Company said: “This partnership with Samsung marks a significant milestone for AlBawani as we continue to pursue our vision of building future-ready and tech-enabled infrastructure across the Kingdom.”

President of Samsung Electronics Saudi Arabia Mr.Hendrick Lee added, “We are excited to collaborate with AlBawani, a company with a proven track record in large-scale and iconic projects. This MoU opens doors to introduce Samsung’s smart technologies and sustainable solutions into key construction initiatives in Saudi Arabia.”

The MoU signals a mutual commitment to explore areas such as smart building management systems, energy-efficient technologies, and integrated digital platforms that enhance operational efficiency and user experience.

The partnership supports Saudi Arabia’s Vision 2030 goals, particularly in developing world-class infrastructure and promoting technology-driven transformation.