Eros Media World Announces Association With Ministry Of Investment In MISA

Eros Media World PLC has associated with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) to develop investment opportunities and projects in the region. The two entities formalised their association at the sixth edition of the Future Investment Initiative (FII) held in Riyadh from 25-27 October 2022. 

The event, established by the FII Institute with Public Investment Fund (PIF) as its founding partner has convened the world's foremost CEOs, policymakers, investors, entrepreneurs, and young leaders to shape the future of international investment and the global economy with Ministry of Investment as a Vision Partner and many other global strategic partners.

As a part of this association, MISA will assist ErosMedia in its expansion in Saudi Arabia. MISA will also support ErosMedia in forging local partnerships and engaging with multiple investors. 

In August this year, ErosMedia announced its foray into the rapidly growing Saudi Arabian market to identify synergies with various Saudi Arabian government initiatives designed to foster growth in the media & entertainment, and technology space under its Vision 2030. This partnership with MISA will allow ErosMedia to explore further suitable opportunities to expand and contribute to the government's vision in the region.

Commenting on the association, Pradeep Dwivedi, Group CEO, Eros Media World, says, "We are thrilled to partner with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) in its vision to accelerate reforms in the kingdom. We are an over four-decade-old media company with a global footprint that always has leveraged technology as an advantage. We have embraced the new age Web 3 revolution that is poised to alter this industry. 

He further adds, "This collaboration will allow us to explore opportunities in the media and entertainment space, contribute to the government's vision, help strengthen Eros Media World's position in the region and create value for our investors and stakeholders."