PIF’s Jada, Invest Seoul ink MoU to support startups, SMEs| MENAFN.COM

Friday, 02 December 2022 04:30 GMT

PIF’s Jada, Invest Seoul ink MoU to support startups, SMEs


(MENAFN) Fund of Funds firm, AKA Jada and possessed by Saudi Arabia’s Public Investment Fund, has inked a memorandum of understanding with Invest Seoul Agency to support startups as well as SMEs in the tow nations.

In an announcement issued on Jada’s website, the MoU inked among the two nations looks to trade knowledge on business strategies as well as top practices and back startups ambitious to register into the Saudi or Korean markets.

Invest Seoul Agency is a foreign investment promotion organization launched by the Seoul Metropolitan Government.

Mazin Al-Shanbari, head of project capital, Jada, stated that the MoU is going to “contribute to developing the business ecosystem for startups” on top of that it’s going to help the register of SMEs “that aim to conduct business in the other country.”

According to the MoU, the PIF’s Jada and the Korean agency is going to ease trade of personnel and organize events including roadshows, conferences as well as exhibitions to support financiers from the two countries explore prospects and support them launch a business.

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