Roshn Group signs deal with Tsangs Group for tech investment collaboration

Roshn Group signs deal with Tsangs Group for tech investment collaboration

Riyadh: ROSHN Group, Saudi Arabia’s leading national real estate developer and PIF-owned giga-project, today announced the signature of a Memorandum of Understanding with Tsangs Group Holdings Limited and Hong Kong Ambassadors Club, this agreement represents a significant step towards enhancing collaboration opportunities between the two parties in the field of technological investments.

The MoU was signed by Head of Strategic and Corporate Affairs at ROSHN Group Yassen Kattan, and Chairman of Tsangs Group, Co-founder and Chairman of Hong Kong Ambassadors Club (“HKAC”) Patrick Tsang. The GCEO of ROSHN Group, David Grover, said: "Our collaboration with Tsangs Group and Hong Kong Ambassadors Club embodies our commitment to furthering Vision 2030's objectives by fostering investment partnerships in the technology sector and building a diverse and sustainable economy. Investment in technology and innovation is one of the most resilient tools, capable of addressing changes. This MoU marks a pivotal moment for ROSHN, highlighting our role in promoting growth and prosperity in the Kingdom. Hong Kong has long served as a gateway and hub for technological investment in the Asia-Pacific region, and we are enthusiastic about our contribution to transforming the Kingdom into a global technology hub. We eagerly anticipate a more interconnected world