Riyadh, September 2022

ECZA recently signed a Memorandum of Understanding (MoU) with Riyad Bank that will pave the way for new initiatives and financial solutions to be provided to economic city investors. The agreement will also facilitate the development of several economic city development programs that are set to directly contribute to Vision 2030 and its vision realization programs.

The MoU was signed at ECZA’s headquarters in Riyadh, in the presence of the Secretary-General, Nabil M. Khojah, the CEO of Riyad Bank, Tariq A. Al Sadhan, and a number of ECZA and Riyad Bank officials.

The two parties will work to develop specialized programs and initiatives across areas such as business enabling, green and renewable projects, and quality of life development. 

Through this MoU, ECZA seeks to enhance strategic integration between the public and private sectors and facilitate effective strategic partnerships that enrich its economic cities’ investment environments and ease of doing business ranking. Providing value-added enablers and incentives that contribute to attracting quality investments are some of the authority’s most prominent business development methods.