ROSHN Group, Saudi Arabia’s first real estate developer and PIF-owned giga project, has signed a Memorandum of Understanding (MoU) with Tsangs Group and Hong Kong Ambassadors Club (HKAC).
This agreement represents a significant step towards enhancing collaboration opportunities between the two parties in the field of technological investments.
ROSHN’s collaboration with Tsangs Group and HKAC aligns with its strategy to partner with esteemed global entities, reinforcing its commitment to the principles of trust, integrity, responsibility, opportunity, and empowerment.
According to the statement, this partnership highlights ROSHN’s steadfast dedication to align with the aspirations of Vision 2030, fostering both well-being and economic prosperity within its integrated communities as well as beyond.
Mr. David Grover, The GCEO of ROSHN Group, said that, “Our collaboration with Tsangs Group and HKAC embodies our commitment to furthering Vision 2030’s objectives by fostering investment partnerships in the technology sector and building a diverse and sustainable economy. Investment in technology and innovation is one of the most resilient tools, capable of addressing changes.”
“This MoU marks a pivotal moment for ROSHN, highlighting our role in promoting growth and prosperity in the Kingdom. Hong Kong has long served as a gateway and hub for technological investment in the Asia-Pacific region, and we are enthusiastic about our contribution to transforming the Kingdom into a global technology hub,” Mr. Grover added.
Mr. Patrick Tsang, Chairman of Tsangs Group, commented that, “We feel honored to sign this MoU with the renowned ROSHN Group, marking a humble milestone of further deepening of Hong Kong-Saudi ties. The Kingdom of Saudi Arabia is a staunch support of the Belt and Road Initiative, and every long March starts with a first step. For Tsangs Group cherishing traditionally strong ties with the Gulf Arab region and in its quest to diversify investments, we are also upbeat about the Saudi Vision 2030, the royal master plan to transform the Saudi economy into a well-diversified ecosystem led by technology and digitization.”
