Saudi signs major investment deals at FII

Deals aim to improve quality of life, increase investor interest
Saudi signs major investment deals at FII
Part of FII (Image credit: SPA)

On the sidelines of the Sixth Future Investment Initiative(FII) Conference, Saudi’s Ministry of Investment (MISA) signed a number of investment agreements in the education, entertainment, and biotechnology sectors. The deals aim to improve the Kingdom’s quality of life and increase investor interest in market opportunities.

The Ministry signed a number of agreements with world-class institutions, including one with the prestigious ESSEC Business School in Paris and another with the Ministry of Tourism to provide human capacity development programs at their Paris campuses. Another collaboration agreement was signed for the student exchange program with King Abdulaziz and King Saud Universities, as well as an investment agreement in the education sector with the global real estate company, private equity firms SAFANAD, and the Global School Management educational platform.

A deal was also approved with King Abdulaziz City for Science and Technology and the American biotechnology company Illumina to establish a genome training program, an acceleration center for small and medium-sized genome companies, and to support the development of genomic databases and research activities.

Additionally, an accord was inked with the global Indian media and entertainment company Eros Media to invest in film and entertainment content production.

In a related vein, MISA released yesterday a report on investment developments duringQ3 2022, in which it reviewed the most significant investment deals signed between the Ministry and investors.

According to the report, 53 investment deals were signed in various sectors during the quarter, including communications and information technology, energy, and health.

Moreover, the Investment Development Report for Q3 2022 highlighted the importance and effectiveness of supply chains in promoting the growth of the Kingdom’s non-oil sectors.

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