Saudi’s investment ministry and Saudia Group sign deal to boost investment

Image credit: Saudia Group

In a significant move to bolster Saudi Arabia’s investment landscape, the Ministry of Investment signed a memorandum of understanding (MoU) with the Saudia Group on Saturday. This agreement aims to support global investors and executives considering relocation to the kingdom, as per a statement issued by the Saudia Group.

The MoU was signed by Khaled Tash, Saudia Group’s chief marketing officer, and Mohammed Aba Hussain, deputy of Integrated Investors Services at the Ministry of Investment. This partnership is designed to offer a comprehensive package of benefits specifically tailored for global companies looking to establish themselves in Saudi Arabia.

Investor benefits

Under this agreement, clients of the ministry and potential investors will gain access to exclusive benefits and the latest offerings from Saudia Group.

These include logistics and shipping services provided by Saudia Cargo, as well as premium aviation and concierge services from Saudia Private, added the statement.

The collaboration will also see joint efforts in both local and international events organised by the ministry.

Khaled Tash emphasised the importance of this partnership, stating, “This strategic partnership between Saudia Group and the Ministry of Investment represents a significant leap forward. It promotes our position as a comprehensive aviation system dedicated to advancing and achieving the ambitious objectives of Vision 2030. By collaborating closely, we aim to optimise travel logistics for key national projects, facilitating seamless mobility both to and within the Kingdom while offering exclusive travel benefits.”

Tash also highlighted Saudia Group‘s role in empowering cultural and tourism programmes, as well as Hajj and Umrah services. “We are committed to strengthening the kingdom’s position as a logistics hub connecting the three continents, thereby promoting sustainable economic development and competitiveness,” he added.

Mohammed Aba Hussain echoed these sentiments, describing the MoU as a milestone for the Ministry of Investment. “The signing of this strategic partnership with Saudia Group is a significant milestone for the ministry. It goes beyond a mere agreement, symbolising our unwavering commitment to providing exceptional services. We aim to overcome all obstacles for investors and cultivate an ideal environment for their businesses to flourish within the country,” he said.

Impetus for investors, tourists

Aba Hussain elaborated on the ministry’s dedication to improving the travel experience for investors. “At the Ministry of Investment, we prioritise creating a seamless and comfortable travel experience for investors. This includes facilitating logistics and offering integrated transportation solutions tailored to their needs and aspirations. This partnership goes beyond exceptional travel services.”

“It encompasses innovative logistics solutions, collaboration on global economic and investment events, and initiatives that strengthen the kingdom’s position as a leading investment destination,” he explained.

He further added, “We take a collaborative approach with investors. We actively listen to their needs, understand their challenges, and work relentlessly to provide all the resources needed for a smooth investment journey in the Kingdom. This strategic partnership with Saudia Group is a significant step forward.”

“By combining our expertise, we’re confident it will enhance the Saudi Arabia’s competitiveness and attract high-calibre investments that fuel our nation’s development and prosperity.”