Riyadh - Sharikat Mubasher: The Saudi Ministry of Investment (MISA) signed a memorandum of understanding (MoU) with China’s MSA Capital to reinforce economic cooperation and boost innovation in major sectors in the Kingdom, including logistics, financial technology, core technology, healthcare, robotics, and e-commerce, a recent statement revealed.

The agreement also aims to support Saudi companies in securing strategic global investments, particularly from Asian investors, while exploring cross-border opportunities in the capital markets.

It also targets developing the Saudi venture capital ecosystem, facilitating joint ventures across sectors, and evaluating the establishment of MSA’s regional headquarters in Saudi Arabia.

The MoU was formalized by Saudi Minister of Investment Khalid Al-Falih and Yazeed Al-Shammari, MSA Partner in its Saudi Innovation Initiative.

Al-Falih affirmed that the collaboration with MSA Capital underscores the Kingdom's efforts to become a global investment powerhouse and a leading hub for technological advancement.

“We are committed to leveraging this alliance to catalyze significant strides in the KSA’s fintech and tech sectors, paving the way for a new era of economic prosperity aligned with Vision 2030’s ambitious objectives,” Al-Falih noted.

Meanwhile, Jenny Zeng, Founder and Managing Partner of MSA Capital, commented: “Our engagement with MISA is a critical step in expanding MSA Capital’s global footprint, especially as Saudi Arabia’s vibrant economy and forward-looking vision present unique opportunities for our portfolio companies.”

MSA Capital is a global private growth equity and venture capital firm with over $2 billion under management. It has offices in Greater China, South Asia, the Middle East, and North America.