Riyadh: ROSHN Group, a subsidiary of the Public Investment Fund (PIF), signed a memorandum of understanding (MoU) with the Singapore Cooperation Enterprise (SCE) that aims to explore institutional partnerships, exchange best practices in urban governance, and establish frameworks for collaboration to enhance comprehensive urban planning and commercial procurement mechanisms.
According to Saudi Press Agency, the signing of the MoU occurred during a visit by representatives of ROSHN Group to Singapore to explore areas of cooperation with Singaporean entities in the real-estate sector, as part of the "ROSHNEXT" innovation program.
The visit included meetings with government institutions, universities, and companies, aiming to exchange expertise, strengthen collaboration opportunities, and initiate discussions toward long-term partnerships to promote innovation.
ROSHN representatives met with leading innovators from academic and industrial sectors to discuss areas of applied research and development, explore skill development opportunities, and consider joint innovation programs in the real-estate sector. Discussions also covered the latest innovations in comprehensive urban planning, engineering, and infrastructure implementation with property technology firms and real estate developers.
ROSHN Group executive director of strategy and corporate affairs Yassen Kattan described the visit and the agreement with SCE as a step toward long-term collaboration aimed at advancing innovation in the development of future human-centered projects.
He noted that the collaboration enables the integration of innovative solutions into the design, development, and operation of urban destinations, supporting the Kingdom's transition toward a knowledge- and innovation-based economy.