The Red Sea Development Co. (TRSDC), the developer behind one of the world's most ambitious tourism initiatives, signed a memorandum of understanding (MoU) with the Ministry of Human Resources and Social Development.
In an effort to enrich local communities through corporate social responsibility (CSR) programs, the MoU extends over a full calendar year and is renewable for the same period.
The MoU was signed by John Pagano, CEO of the RSDC, and Suliman Alzben, undersecretary of social development at the ministry.
"This MoU represents a collaborative framework towards enhancing our CSR, which is in line with the sustainable development goals of the Kingdom. Giving back to the people of Saudi Arabia — and our local communities in particular — is an important part of our vision as a company," said Pagano.
"This initiative is jointly aimed at strengthening and improving the quality of life for those in close proximity to our project," he added.