Riyadh-based Consultancy Mukatafa, Saudi Ministry of Economy and Planning Sign MOU to Collaborate on Private Sector Development

Riyadh-based private consultancy firm Mukatafa has signed a MOU with Saudi Arabia’s Ministry of Economy and Planning to improve the Kingdom’s development plans and enable sustainable growth, according to Arab News. 

The MOU will allow for collaboration on developing research, studies, reports, and indicators targeted by the ministry and linked to sectors represented by Mukatafa that meet both parties’ objectives.

The agreement includes publishing surveys among the ministry’s target segments, which also fall within the scope of associations covered by Mukatafa.

It will also include coordination between key government agencies and representatives from the private sector. They will hold semi-annual workshops to address the most pressing concerns and potential solutions to reinforce the relationship with the private sector and increase market efficiency.

As part of the memorandum of understanding signed, both entities will work toward evaluating and aligning governmental policies with the goals of Saudi Vision 2030.

Mukatafa, founded by Prince Waleed bin Nasser, works within the private sector to mobilize leaders and raise industry standards by reviewing and developing policies.

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