Global engineering and inspection services provider RINA and prime contractor and developer of infrastructure and energy projects Mayasem have signed a Memorandum of Understanding (MoU) to further collaborate in supporting the Kingdom of Saudi Arabia’s ‘Vision 2030’ initiative.
The MoU which was signed aboard the iconic tall ship Amerigo Vespucci reflects the mutual recognition of both companies’ shared commitment to advancing key sectors such as infrastructure, real estate, energy, and urban development. The agreement establishes a framework for future cooperation between RINA and Mayasem across Saudi Arabia, Kuwait, UAE, Oman, and Bahrain. The two companies will leverage their combined expertise, capabilities, knowledge, and networks to jointly pursue new business opportunities and projects throughout the region.
Aligned with the kingdom vision 2030, this partnership marks an important step in Mayasem’s journey to drive innovation and sustainable growth across the Middle East.
Mayasem is leading one of the most advanced urban projects in the Middle East, located in Jeddah. Spanning 160 hectares, it features schools, universities, a fashion district, residential areas, healthcare facilities, and a mall. RINA is set to contribute its expertise in sustainable urban development and both companies expressed their enthusiasm for the collaboration on the region’s growth and shared focus on sustainability and resilience in urban regeneration.
The signing ceremony took place aboard the Amerigo Vespucci. The Vessel and the Villaggio Italia, the multi-year travelling mini expo of Made in Italy excellence, are now in Jeddah (Saudi Arabia) till January 31st for the eighth and final appointment with the Villaggio Italia before entering the Mediterranean. The “Vespucci World Tour – Villaggio Italia” initiative brings around the world the culture, history, innovation, gastronomy, science, research, technology, industry that make Italy a great country, appreciated by the whole world. The initiative, promoted by the Minister of Defence of the Italian Government Guido Crosetto, is supported by twelve Ministries, together with the Presidency of the Council of Ministers.
Rayan Alamoudi, CEO of Mayasem, says “Aligned with the kingdom vision 2030, this partnership marks an important step in Mayasem’s journey to drive innovation and sustainable growth across the Middle East. By combining our vision with RINA’s global expertise, we are paving the way for transformative projects that will redefine the region’s urban landscape, enhancing resilience, sustainability, quality of life, and lifestyle for future generations.”
Saverio Scopelliti, RINA’s Executive Vice President – Commercial, adds: “We are excited to sign this agreement with Mayasem, as it opens the door to countless opportunities for mutual growth and success in the region. Together, we are well-positioned to deliver cutting-edge solutions that will shape the future of infrastructure, real estate, and urban development.”
Author
