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Saudi Arabia, Estonia Sign MoU on Future of Modern Means of Transportation

The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal. SPa
The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal. SPa
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Saudi Arabia, Estonia Sign MoU on Future of Modern Means of Transportation

The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal. SPa
The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal. SPa

Saudi Arabia and Estonia have signed a memorandum of understanding (MoU) in the field of modern transportation methods.

The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal.

The MoU aims to enhance cooperation and embody the strategic partnership in the field of modern transportation methods. It also aims to support and adopt the latest transportation methods through the use of advanced technologies, harmonize special policies and legislation, and exchange expertise to solve the challenges facing the transport and logistics sector.

The signing ceremony was attended by the Saudi Ambassador to Estonia, Nisreen bint Hamad Al-Shibel, and the accompanying delegation.

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Saudi PIF, Hong Kong Monetary Authority Sign MoU on Investment Fund

The MoU was signed at FII 8th Edition in Riyadh. SPA
The MoU was signed at FII 8th Edition in Riyadh. SPA
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Saudi PIF, Hong Kong Monetary Authority Sign MoU on Investment Fund

The MoU was signed at FII 8th Edition in Riyadh. SPA
The MoU was signed at FII 8th Edition in Riyadh. SPA

The Public Investment Fund (PIF) and the Hong Kong Monetary Authority (HKMA) signed on Thursday a memorandum of understanding (MoU) to work towards jointly anchoring a new investment fund, with a target size of $1 billion.

The MoU was signed at FII 8th Edition in Riyadh.

Under the MoU, the fund would explore investment in manufacturing, renewables, fintech, and healthcare, supporting the localization of companies connected to Hong Kong and the Greater Bay area in Saudi Arabia. It would create highly skilled local jobs and drive economic growth by fostering regional champions in the target sectors. It would reinforce Hong Kong’s position as one of the world’s leading financial hubs, leveraging its diverse talent pool, efficient financial infrastructure and deep liquidity. The signing of this MoU is a new milestone that underlines the economic ties between two leading institutions: PIF and HKMA.

The proposed new fund aligns with PIF’s economic diversification and sustainability strategy.

This partnership has the potential to drive shared prosperity by investing in industries that will shape future economies. It combines HKMA’s long-term investment expertise with PIF’s strategy for the target sectors.

The new fund would promote foreign direct investments via Hong Kong, providing a platform for companies to internationalize their businesses and access attractive investment opportunities in Saudi Arabia.