Eighteen agreements and memoranda of understanding were signed, surpassing a total value of 31.6 billion riyals (8.4 billion dollars). The majority of these agreements were between the Royal Commission for Jubail and Yanbu on one side and local and foreign companies on the other.
Khalid Al-Salem, the President of the Royal Commission for Jubail and Yanbu, explained that these agreements encompass various fields, including tourism, education, basic industries, advanced industries, and more. He added that the commission also signed a memorandum of understanding with the “Red Sea Authority” to “examine the islands near the region, transform Jazan into a global tourist destination through aligning the initiatives of the Jazan City for Basic and Transformational Industries with the coastal tourism strategies of the Saudi Red Sea Authority.
