Downtown Saudi, a wholly-owned subsidiary of the Public Investment Fund, signed a memorandum of understanding with the Ministry of Communications and Information Technology during the LEAP technical conference held in Riyadh.
The memorandum aims to discuss ways to cooperate in the development and investment of digital infrastructure and telecommunications technologies in the company's projects, which will be developed in 12 cities in the Kingdom, in addition to exploring opportunities for cooperation to encourage investments in digital infrastructure and the activation of telecommunications technologies. The MoU aims to discuss ways of cooperation in the field of development and investment in digital infrastructure and telecommunications technologies in the company's projects, which will be developed in 12 cities in the Kingdom, in addition to exploring opportunities for cooperation to encourage investments in digital infrastructure and the operationalization of modern communications technologies.
The MoU was signed by the two companies, which are wholly owned by the Public Investment Fund. The agreement was signed by board member and acting CEO Downtown Saudi Nayef bin Saleh Al Hamdan and Undersecretary of the Ministry of Communications and Information Technology for Communications and Infrastructure Engineer Bassam bin Abdullah Al Bassam.
The agreement was signed by Nayef bin Saleh Al Hamdan.
On this occasion, Al-Hamdan said: "Through this partnership with MCIT, Downtown Saudi Arabia aims to cooperate in investment planning for the digital infrastructure of the company's projects, alignment with telecom and data service providers, exploring opportunities to use modern technologies in the field of smart cities and other important aspects of cooperation, which will contribute to enriching the experience of residents, visitors and businesses in the company's projects in 12 cities in the Kingdom."
Downtown Saudi Arabia aims to collaborate with MCIT on investment planning for the digital infrastructure of the company's projects.
<a style=“color: #993300;” href=“https://amlak.net. Downtown Saudi Arabia will develop and create destinations and urban centers with sustainable economic and social impact in 12 cities in the Kingdom: Medina, Al-Ahsa, Al-Khobar, Buraidah, Taif, Arar, Hail, Tabuk, Dumat Al-Jandal, Jizan, Najran and Al-Baha. The projects will be built on a total area of more than 10 million square meters and will contribute to stimulating economic activity and improving the quality of life in these cities, in addition to creating more options and new opportunities in various sectors including shopping, entertainment, hospitality, tourism, office space, housing and others.
