RIYADH: Saudi Arabia’s King Abdulaziz Foundation for Research and Archives and the Boutique Group, owned by the Public Investment Fund, have signed a memorandum of understanding to preserve the Kingdom’s “captivating history and legacy,” the group announced on Monday.
The agreement will cover research and the holding of various events, including on culture, literature and geography, at Tuwaiq Palace in the Diplomatic Quarter, the Saudi Press Agency reported.
The memorandum was signed by CEO Turki Al-Showair on behalf of the foundation, also known as Darah, and CEO Mark DeCocinis, for the Boutique Group.
It includes collaboration on “scientific studies and research on the history of palaces and the essence of royal hospitality,” the Boutique Group said in a statement.
The deal includes holding summits, exhibitions and workshops, and spreading awareness through advertising, media campaigns and artworks.
Al-Showair said: “The Kingdom is proceeding on the path of rapid and deliberate development and progress, in accordance with the goals of the Saudi Vision 2030 and its inspiring programs.”