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New Murabba Development Company, a Saudi PIF establishment, has signed a MoU with the King Khalid Foundation to advance sustainable development initiatives across the kingdom.
As per the deal, the duo will focus on developing innovative solutions for sustainable technologies and green building practices in addition to advocating for environmentally responsible initiatives locally and internationally, and strengthening sustainability capacities within the kingdom.
It also aims to enhance synergies between the private and non-profit sectors, leveraging the King Khalid Foundation’s sustainability and urban planning expertise, said New Murabba CEO Michael Dyke after signing the MoU with King Khalid Foundation CEO Princess Nouf bint Muhammad bin Abdullah Al Saud.
Its key initiatives include launching the first Green Building Hackathon, supporting green opportunity grants in Riyadh, researching sustainable urban development practices, and implementing programs centered on social entrepreneurship and innovation, he added.-TradeArabia News Service