{"id":16467,"date":"2024-01-29T17:11:36","date_gmt":"2024-01-29T14:11:36","guid":{"rendered":"https:\/\/entarabi.com\/?p=16467"},"modified":"2024-01-29T17:19:35","modified_gmt":"2024-01-29T14:19:35","slug":"chinas-msa-capital-signs-landmark-mou-with-saudi-arabias-ministry-of-investment-misa","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/01\/chinas-msa-capital-signs-landmark-mou-with-saudi-arabias-ministry-of-investment-misa\/","title":{"rendered":"China\u2019s MSA Capital Signs Landmark MoU with Saudi Arabia\u2019s Ministry of Investment (MISA)"},"content":{"rendered":"

Riyadh, Saudi Arabia, 29 January, 2024:<\/strong> In a landmark development for Asia to Saudi Arabia cross border business and innovation, MSA Capital via its emerging markets investment arm MSA Novo and the Ministry of Investment of Saudi Arabia (MISA) signed a memorandum of understanding to bolster economic cooperation and foster innovation in key sectors in the Kingdom of Saudi Arabia.<\/p>\n

This strategic partnership, formalised by HE Khalid A. Al-Falih, Minister of Investment of Saudi Arabia<\/strong>, and Yazeed Al-Shammari, MSA Partner on its Saudi Innovation Initiative<\/strong>, seeks to bolster economic cooperation and foster innovation across strategic sectors in the Kingdom, such as logistics, financial technology, core technology, healthcare, robotics, and ecommerce. It also sets out to support Saudi companies in securing strategic global investments, particularly from Asian investors, while exploring cross border opportunities in the capital markets. The MoU also includes the development of Saudi Arabia\u2019s venture capital ecosystem, facilitating joint ventures across sectors, and evaluating the establishment of MSA\u2019s Regional Headquarters in Saudi Arabia.<\/p>\n

HE Al-Falih<\/strong> expressed his enthusiasm about this collaboration: \u201cOur collaboration with MSA Capital underlines our resolve to establish the Kingdom as a global investment powerhouse and a leading hub for technological advancement. MSA have shown significant commitment to the Kingdom for over the last 5 years and we are excited to expand this partnership. We are committed to leveraging this alliance to catalyse significant strides in the KSA\u2019s fintech and tech sectors, paving the way for a new era of economic prosperity aligned with Vision 2030\u2019s ambitious objectives.\u201d<\/p>\n

Jenny Zeng, founder and managing partner of MSA Capital<\/strong>, echoed these sentiments: \u201cOur engagement with MISA is a critical step in expanding MSA Capital\u2019s global footprint, especially as Saudi Arabia\u2019s vibrant economy and forward-looking vision present unique opportunities for our portfolio companies. We are thrilled to explore these new horizons and contribute to the Kingdom\u2019s innovative ecosystem.\u201d<\/p>\n

MSA have been arguably the most active global institutional investor systematically investing, venture building and establishing JVs in Saudi Arabia over the last 5 years. The firm has 3 partners based in its Riyadh office and has invested over $45 million into 9 companies operating in the Kingdom. MSA have facilitated the market entry of 19 global portfolio companies into Saudi Arabia. The firm has over 250 global portfolio companies and expect to significantly expand the number of them operating in KSA via this MOU.<\/p>\n

About MSA Capital:<\/strong><\/p>\n

Founded in 2014, MSA Capital is a global private growth equity and venture capital firm with over $2 billion under management. The firm has offices in Greater China, South Asia, the Middle East, and North America.<\/p>\n

About Ministry of Investment of Saudi Arabia (MISA):<\/strong>\u00a0<\/strong><\/p>\n

The Ministry of Investment is a government ministry in Saudi Arabia that oversees foreign investment in the country and is at the forefront of\u00a0promoting\u00a0Saudi Arabia<\/strong>\u00a0as a world-class\u00a0investment<\/strong>\u00a0destination through\u00a0facilitating access to opportunities by developing a vibrant cross-government investment ecosystem,\u00a0<\/strong>and supporting businesses throughout their investment journey<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Riyadh, Saudi Arabia, 29 January, 2024: In a landmark development for Asia to Saudi Arabia cross border business and innovation, MSA Capital via its emerging markets investment arm MSA Novo and the Ministry of Investment of Saudi Arabia (MISA) signed a memorandum of understanding to bolster economic cooperation and foster innovation in key sectors in […]<\/p>\n","protected":false},"author":37,"featured_media":16463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[],"class_list":["post-16467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/16467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=16467"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/16467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/16463"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=16467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=16467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=16467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}