Derq signs Saudi Arabia MoU

Agreement is part of plan to eventually make Holy City of Makkah (Mecca) into a smart city
By Adam Hill February 9, 2022 Read time: 1 min
MoU involves solutions to cut congestion and traffic violations in Mecca (© Ahmad Faizal Yahya | Dreamstime.com)

Artificial intelligence firm Derq has signed an agreement with two companies in Saudi Arabia to develop traffic solutions around the Holy City of Makkah (Mecca).

The memorandum of understanding (MoU) is with investment group Wadi Makkah Venture and Saudi-based consultancy The Consultants for Business and Development.

A statement says the three companies will "collaborate together and leverage their combined capabilities and experience in road safety and traffic management to develop and deliver solutions aiming at improving traffic experience and reducing congestion and traffic violations". 

Derq recently received an investment from Wadi Makkah Venture and is "looking to contribute to the development of smart infrastructure throughout the Kingdom in general and the Holy City in particular", the statement continues.

Muslims from around the world visit Makkah for the Hajj and Umrah pilgrimages, massively increasing the population at certain times. 
 
Wadi Makkah Venture invests in local and international start-ups which aim to help "make Makkah a smart city and the Hajj and Umrah journey more convenient".

Detection, Monitoring & Machine Vision Networking & Communication Systems Urban Traffic Control

For more information on companies in this article

Related Content

  • Derq launches V2X safety project in Detroit
    June 7, 2018
    Derq has launched two vehicle to everything (V2X) applications in downtown Detroit to predict and prevent traffic crashes. The technology company collaborated with Flir Systems to communicate threats in real-time to drivers at the intersection of Jefferson Avenue and Randolph Street intersection. Derq's software monitored vehicle-to-infrastructure and vehicle-to-pedestrian interactions. The firm uses patented artificial intelligence algorithms to create a two-second warning for drivers. Flir Systems'
    Read More
  • Cop26: Gridserve announces 'net-zero' network 
    November 9, 2021
    Firm is to share 'Sun to Wheel' ecosystem knowledge to enable global EV charging roll-out
    Read More
  • How digital navigation is key to managing congestion
    March 24, 2023
    Satnav – not costly civil engineering projects – might point us towards better management of congested road networks, argues David Metz of University College London
    Read More
  • Venkat Sumantran: ‘Smart cities are more hype than reality’
    November 23, 2018
    For all the talk of smart cities, investment in systems lags significantly behind organic expansion in most places. Andrew Stone talks to Venkat Sumantran, who has been looking at how to create a coherent framework which could help authorities answer multiple mobility questions Two megatrends are posing unprecedented challenges to those trying to keep people moving around the world’s urban areas now - and in the years and decades to come. The first is rapid urbanisation. One in six of us lived in urban a
    Read More

Highlighted Content