Saudi Arabia’s Ministry of Economy and Planning and the King Khalid Foundation have signed a Memorandum of Cooperation (MoC) to exchange knowledge, technical expertise, and mutual support in areas of common interest.
The memorandum establishes a framework for activating bilateral partnerships in research, studies, publications, and initiatives to build the capabilities of non-profit organizations under the Ministry’s technical supervision.
This agreement strengthens the partnership between the Ministry of Economy and Planning and the King Khalid Foundation, aligning their efforts to contribute to Saudi Arabia’s broader vision for socio-economic progress and long-term sustainability.
The partnership also reflects Saudi Arabia’s focus on empowering institutions, driving impactful policies, and creating a more equitable society through collaborative initiatives.
The memorandum was signed by Vice Minister of Economy and Planning, Ammar Nagadi, and CEO of the King Khalid Foundation, Princess Nouf bint Muhammad bin Abdullah Al Saud. Minister of Economy and Planning Faisal F. Alibrahim attended the signing.
Furthermore, this collaboration underscores the Ministry’s commitment to advancing its social responsibility and strengthening its contributions to volunteer work.
According to the reports, the cooperation likely includes efforts to promote economic growth, innovation, and sustainable development in Saudi Arabia. The Ministry of Economy and Planning would collaborate with the King Khalid Foundation to leverage resources and expertise in supporting national economic goals.
