Saudi Red Sea Authority has signed two Memorandums of Understanding (MoU) with Prince Albert II of Monaco Foundation (Foundation Prince Albert II de Monaco) and Monaco Yacht Club (Yacht Club de Monaco), aiming to establish maritime cooperation and develop coastal tourism in the Red Sea. The Memorandums of Understanding were signed on this week at the Monaco Yacht Club headquarters. Representing the parties were His Excellency the Acting CEO of Saudi Red Sea Authority Mohammed Al-Asiri, Olivier Wenden of the Prince Albert II of Monaco Foundation, and Bernard D’Alessandri of Monaco Yacht Club.

Accompanied by a delegation from the Saudi Ministry of Tourism, SRSA discussed its mandate, which included growing its strategic partnerships, in a series of meetings with His Excellency Minister of State of the Principality of Monaco Pierre Dartout, Monaco’s Department of Maritime Affairs, and yacht management company Hill Robinson.

The first MoU, between SRSA and the Prince Albert II of Monaco Foundation, aims to promote cooperation in developing human capital and future leaders, hosting joint events, exchanging knowledge and experiences in areas of mutual interest, initiatives and research projects to explore new solutions to global challenges, and raising awareness of important issues and promoting positive change through joint awareness campaigns.

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