Engagement with MISA is a critical step in expanding MSA Capital’s global footprint
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) recently signed a memorandum of understanding to bolster economic cooperation and foster innovation in key sectors in the Kingdom of Saudi Arabia.
This strategic partnership, formalised by HE Khalid A. Al-Falih, Minister of Investment of Saudi Arabia, and Yazeed Al-Shammari, MSA Partner on its Saudi Innovation Initiative, 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, according to a press communique.
Global investment powerhouse
“Our 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 five years, and we are excited to expand this partnership,” commented HE Al-Falih.
“Our engagement with MISA is a critical step in expanding MSA Capital’s global footprint, especially as Saudi Arabia’s vibrant economy and forward-looking vision present unique opportunities for our portfolio companies,” remarked Jenny Zeng, Founder and Managing Partner, MSA Capital.
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, the press statement concluded.
