Mayasem and RINA Sign MoU for Future Cooperation

Mayasem and RINA have signed a Memorandum of Understanding (MoU) to collaborate on various projects across the Middle East. This partnership aims to leverage their combined expertise in infrastructure, real estate, energy, and urban development.
Mayasem’s Advanced Urban Projects
Mayasem is leading one of the most advanced urban projects in the Middle East, located in Jeddah. Spanning 160 hectares, the project includes schools, universities, a fashion district, residential areas, healthcare facilities, and a mall. This ambitious project reflects Mayasem’s commitment to innovation and sustainable growth in urban development. The collaboration with RINA will enhance the project’s impact by incorporating sustainable urban development practices and leveraging RINA’s global expertise. The partnership aligns with the Kingdom’s Vision 2030, aiming to drive innovation and sustainable growth across the region.
RINA’s Role in Sustainable Urban Development
RINA, a leading global engineering, inspection, and certification company, will contribute its expertise in sustainable urban development to the Mayasem project. The MoU establishes a framework for future cooperation between RINA and Mayasem across Saudi Arabia, Kuwait, UAE, Oman, and Bahrain. The two companies will jointly pursue new business opportunities and projects throughout the region, focusing on enhancing resilience, sustainability, and quality of life. RINA’s involvement in the project underscores its commitment to delivering cutting-edge solutions that shape the future of infrastructure, real estate, and urban development.
Significance of the MoU Signing Ceremony
The signing ceremony took place aboard the iconic Amerigo Vespucci vessel, marking the beginning of a promising collaboration. The vessel and the Villaggio Italia, a multi-year traveling mini expo of Made in Italy excellence, are currently in Jeddah for the eighth and final appointment with the Villaggio Italia before entering the Mediterranean. The “Vespucci World Tour – Villaggio Italia” initiative promotes Italy’s culture, history, innovation, gastronomy, science, research, technology, and industry. The initiative is supported by twelve Ministries and the Presidency of the Council of Ministers. The signing of the MoU aboard the Amerigo Vespucci highlights the significance of this partnership and its potential to drive transformative projects in the Middle East.