Riyadh – Mubasher: The Saudi Ministry of Finance signed four memoranda of understanding (MoU) on the sidelines of the Municipal Investment Forum (Furas).

The first MoU was signed by Fahad Al-Saif, President of the ministry’s Debt Management Office (DMO); and Khaled Al Degaither, the Deputy Minister for Planning and Programs at the Ministry of Municipal and Rural Affairs.

The three other MoUs were signed with Banque Saudi Fransi (BSF), Samba Financial Group, and Riyad Bank, with the aim of supporting the Projects Support Fund (PSF) in providing financial consultations and project investments.

The Council of Saudi Chambers (CSC) signed a cooperation agreement with the Ministry of Municipal and Rural Affairs on the sidelines of the event to boost investment in the municipal sector.