King Abdulaziz Foundation for Research and Archives Signs an Agreement with PIF-owned Boutique Group

Riyadh, Saudi Arabia, 29 May 2023: A memorandum of understanding has been signed between King Abdulaziz Foundation for Research and Archives (Al Darah) and Boutique Group to facilitate the continued preservation of the history and legacy of Saudi Arabia through supporting areas such as research, culture, community, literature, geography, and more.

The MoU aims to establish areas of collaboration between the two parties, going into advisory support in the history and heritage field, documentation, scientific research, reviewing and editing, as well as collaboration in the fields of seminars, exhibitions, and media opportunities—all of which are crucial steps in modernizing historical aspects of Saudi Arabia’s extensive cultural heritage.

Turki AlShuwaier, CEO of the King Abdulaziz Foundation for Research and Archives, said: “As Saudi Arabia continues to progress it is vital that the treasured items and stories of the past, that reflect who we are and where we come from, are preserved and showcased for our journey ahead.

“We fully believe that the MoU with the Boutique Group will be hugely beneficial in raising awareness about Saudi Arabia’s incredible heritage and culture.”

Mark De Cocinis, CEO, Boutique Group, said: “Saudi Arabia has a fascinating and vast cultural history with which the wider world is only beginning to become accustomed. The MoU signed with the King Abdulaziz Foundation for Research and Archives will play a pivotal role in opening the Kingdom’s rich culture and heritage across many areas of interest.

“We look forward to the work ahead with the Foundation and utilizing their extensive expertise in order to help us provide history with a modern touch.”   Boutique Group, a hospitality company owned by the Public Investment Fund is a one-of-a-kind project developed to deliver a unique ultra-luxury Saudi experience that contributes to the local economy and enhances the Kingdom’s position as a leading cultural tourism destination.