×

Warning

JUser: :_load: Unable to load user with ID: 894

Saudi’s Knowledge Economic City and investment ministry join hands to draw investors

Saudi’s Knowledge Economic City and investment ministry join hands to draw investors

/ Technology & Smart Cities / Thursday, 17 February 2022 08:20

Saudi Arabia’s Knowledge Economic City Co. and ministry of investment have agreed on a five-year initial agreement to strengthen collaboration in promoting its projects to attract more investments in for the economic city.

The move is aimed at “providing support and consultancies in the fields of investment in real estate development” and encouraging the use of the best technologies in real estate sector, according to KEC.

Meanwhile, Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech secto.

In the first eight months of 2021, the Kingdom witnessed venture capital deals in the fintech sector worth $157.2 million, compared to only $7.8 million in 2020.

Latest Issue

Please publish modules in offcanvas position.