RIYADH: Multiple agreements were signed during the second day of the Public Investment Fund’s Private Sector Forum to enhance the local economy, tourism, and telecommunication sectors.
These deals included contracts awarded by King Abdullah Financial District Development and Management Co., which is wholly owned by PIF, the soverign wealth fund’s subsidary Asfar.
stc Group also signed several new agreements with local partners with the aim of enriching the local economy, the Saudi Press Agency reported.
The contracts inked covered a range of objectives, spanning from sustainability to digital transformation.
They included an agreement with Gazal, a PIF portfolio company, to provide eco-friendly mobility movement at its headquarters.
Al-Jazea Contracting and Trading Co. also signed with stc Group to establish a grey hydro treatment plant that aims to reduce water consumption and achieve broader sustainability goals.
An additional deal was inked with Master Works to…