SCE and ROSHN sign MoU to foster innovation in real estate sector
A landmark Memorandum of
Understanding (MoU) has been signed between the Singapore Cooperation
Enterprise (SCE) and ROSHN, Saudi Arabia’s leading national real estate
developer. This strategic partnership aims to foster innovation, enterprise
development, and transformation in the real estate sector, aligning with Saudi
Arabia’s Vision 2030 to diversify its economy and enhance urban development.
The agreement paves the way for a
collaborative exchange of knowledge, expertise, and technology between Singapore
and Saudi Arabia, bringing forward impactful, future-focused solutions to
support the Kingdom’s ambitious development goals. The MoU was formalized
during a visit by ROSHN Group representatives to Singapore as part of their “ROSHNEXT”
innovation program.
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As a Public Investment Fund (PIF)
company, ROSHN Group spearheaded this collaboration to explore institutional
partnerships and share best practices in urban governance. The discussions
covered key areas such as applied research, workforce upskilling, and joint
innovation initiatives. The focus of the partnership is on integrating
cutting-edge solutions into the design, development, and operation of
human-centric urban spaces.
This collaboration underscores the
shared commitment to driving the future of the real estate industry through
technological advancements and entrepreneurial collaboration. The agreement is
also expected to create new opportunities for Singaporean businesses within the
Saudi market, contributing significantly to Saudi Arabia’s broader economic
diversification strategy.
Source: indiplomacy.com
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