HRH Prince Abdulaziz bin Turki Al Faisal, Minister of Sports, and HE Minister of Municipal and Rural Affairs and Housing Mr. Majid bin Abdullah Al Hoghail signed a memorandum of understanding in Jeddah in the presence of a number of their Excellencies and officials from relevant authorities.
This agreement was concluded in the light of cooperation between investment systems in the sports and municipal sectors, which contributes to increasing the contribution of the private sector to the domestic product, improving the investment environment, as well as attracting investment and increasing non-oil revenues. to achieve the goals of the Kingdom Vision 2030, which help improve the quality of life in the cities of the Kingdom.
The MoU aims to develop a means of offering projects and investments that fall under the jurisdiction of public authorities by enabling the Ministry to present its investment opportunities through the Foras portal through a fully automated path and streamlined procedures that can broaden the competitive base, increase transparency and facilitate the investor’s journey. to access investment opportunities through a single portal.
