Eng. Abdulmajeed Alaskar, Assistant Deputy Minister for Investment Promotion and Revenue Generation, Ministry of Municipalities and Housing, commented, “This strategic collaboration with Asfar Company will create unprecedented opportunities for private sector engagement, transforming public facilities into vibrant destinations. By establishing parks and expanding green spaces across the Kingdom’s regions, we are enhancing the quality of life for both citizens and visitors alike.”
Expressing a shared excitement, Dr. Fahad bin Mushayt, CEO of ASFAR, stated, ““ASFAR is honored to work alongside the Ministry of Municipalities and Housing to turn public spaces into vibrant, inclusive hubs that bring communities together and support local tourism. Through this MoU, we are reinforcing our commitment to sustainable, high-impact investments that contribute to Vision 2030 and redefine urban spaces across the Kingdom for all to enjoy.”
This MoU is also another strong testament to ASFAR’s commitment to creating long-term value for communities while driving sustainable investment in Saudi Arabia’s tourism sector. By bringing together government vision with private sector expertise, this initiative promises to deliver both economic growth and enhanced quality of life for citizens, marking a significant milestone in the Kingdom’s journey toward world-class urban infrastructure and sustainable tourism development.