MISA signs Investment MOU in with Bangladesh PPPA

Riyadh, Rabi I 22, 1443 - Oct. 28, 2021, SPA-- The Ministry of Investment of Saudi Arabia (MISA) has today signed an investment memorandum of understanding (MOU) with the Public-Private Partnership Authority (PPPA) at the People’s Republic of Bangladesh, on the sidelines of the 5th Anniversary Future Investment Initiative (FII) conference, in the presence of HE Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and the Bangladeshi prime minister's private industry and investment adviser, Salman Fadel Rahman.

The MOU aims to support cooperation to boost and enhance the PPP efforts between the two countries through encouraging and improving the knowledge and ability of the partnership between the two sectors. The PPPA also looks forward to building strong bilateral relations with MISA in order to examine avenues for cooperation, and developing and upgrading the local public infrastructure and the industrial assets to support the developing economy in a sustainable way.

This came to explore areas and avenues for cooperation between the two sides, enhance bilateral investment relations and long-term partnerships, and create new qualitative investment and economic opportunities for cooperation.