INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Saudi ministry signs hospitality, catering MoUs with 3 firms

Three MoUs were signed at Expo Hajj 2023. (SPA)
  • The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company.
  • The investment ministry is keen to attract investments and enhance their flow into the national economy in various sectors, SPA reported.

Riyadh, UAE—Saudi Arabia’s Ministry of Investment has signed MoUs with three companies to develop and market investments in hospitality, tourism, catering services and entertainment activities besides cooperation in operating residential and commercial complexes.

The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company at the Hajj and Umrah Services Conference and Exhibition “Expo Hajj 2023”, which is being held by the Ministry of Hajj and Umrah from Jan 9 – 12 in Jeddah.

The investment ministry is keen to attract investments and enhance their flow into the national economy in various sectors, SPA reported.

The ministry also provides investors the opportunity to learn about the promising opportunities for sectors and the advantages and incentives offered by it.