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Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
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Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser has met with Romanian Minister of Transport, Infrastructure, and Communications Sorin-Mihai Grindeanu.

The meeting took place during Al-Jasser’s official visit to Romania.

Al-Jasser and Grindeanu discussed various ways to enhance cooperation between the two countries. The ministers also engaged in discussions on several topics of mutual interest.

Following their talks, the ministers signed a memorandum of understanding (MoU) to strengthen cooperation between Saudi Arabia and Romania in the field of logistics services.

Romanian Minister of Research, Innovation, and Digitalization Bogdan-Gruia Ivan, Saudi Ambassador to Romania Mohammed Abdul Ghani Khayat, and Al-Jasser's delegation were present at the meeting.

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Saudi Real Estate Refinance Company, BlackRock to Promote Developing Programs in Saudi Real Estate Finance Market

The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock Saudi Arabia Yazeed Al-Mubarak. BlackRock President Robert Capito attended the signing ceremony. (SPA)
The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock Saudi Arabia Yazeed Al-Mubarak. BlackRock President Robert Capito attended the signing ceremony. (SPA)
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Saudi Real Estate Refinance Company, BlackRock to Promote Developing Programs in Saudi Real Estate Finance Market

The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock Saudi Arabia Yazeed Al-Mubarak. BlackRock President Robert Capito attended the signing ceremony. (SPA)
The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock Saudi Arabia Yazeed Al-Mubarak. BlackRock President Robert Capito attended the signing ceremony. (SPA)

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund, signed a memorandum of understanding (MoU) with the US BlackRock conglomerate in New York City, to develop programs in the real estate finance market in Saudi Arabia, and increase the share of businesses in the real estate sector capital markets.

The MoU was signed on the sidelines of the official visit of Saudi Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail who is also SRC Board of Directors chairman.

The minister and his accompanying delegation are in the US to discuss ways to boost Saudi-American partnerships in the urban development, construction, building, finance and real estate development sectors.

The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock Saudi Arabia Yazeed Al-Mubarak. BlackRock President Robert Capito attended the signing ceremony.

The MoU aims to accelerate the development of programs in the real estate refinancing market in Saudi Arabia and expand through local and international capital market channels.

It also seeks to diversify funding sources through fixed income markets, which is bound to increase the stability of the real estate finance market and contribute to achieving the goals of the housing and financial sector development programs, which serve as enablers of the Kingdom’s Vision 2030.