Today, the Ministry of Municipal, Rural Affairs and Housing and the Saudi Ministry of Investment concluded a memorandum of understanding with NAVER, NAVER LABS, and NAVER Cloud, a Korean company specialized in the field of information technology, which is interested in producing and developing information technology related to the Internet, under the auspices of His Excellency the Minister of Municipal, Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih.