The Ministry of Investment in Saudi Arabia has recently taken a step to improve investor relations by entering into a memorandum of understanding (MoU) with the national airline, Saudia Group. This move is designed to boost the Kingdom’s appeal as a prime investment locale and create an environment that is conducive to business expansion.
Top executives from both organizations, Khaled Tash of Saudia Group and Mohammed Aba Hussain from the Ministry, formalized the agreement. The collaboration promises to deliver a suite of exclusive perks to investors. These include specialized logistics and cargo services through Saudia Cargo, as well as bespoke aviation and concierge services through the Saudia Private Aviation Company.
The partnership will also support the organization and promotion of the Ministry’s local and international events, highlighting the mutual benefits of such cooperation.
“Our alliance with the Ministry of Investment is a major advancement that reinforces our dedication to contributing to the Kingdom’s Vision 2030 goals,” said Khaled Tash. He further mentioned that the goal of the partnership is to refine travel logistics to support national projects, ensuring smooth travel logistics and exclusive benefits for travelers.
The Ministry of Investment’s deputy underscored the significance of this partnership, noting that it represents a strong commitment to delivering top-tier services to investors. By removing barriers for investors and fostering a business-friendly atmosphere, the partnership is expected to assist in easing the process for companies and executives looking to establish operations in Saudi Arabia.
Earlier this year, the Kingdom introduced five new distinguished residency categories aimed at drawing in exceptional talent encompassing executives, innovators, investors, entrepreneurs, and property owners, as part of its strategy to attract more investment and support its Vision 2030 objectives.
