Saudi Arabia - The Saudi Arabian planned city NEOM is seeking cooperation with Jordan to propel the advancement of economically feasible projects across vital sectors, the Jordanian agency Petra reported, citing a statement following a visit by NEOM Co.'s CEO Nahdmi Al-Nasr to Jordan's Prime Minister.

Under the terms of the collaboration, both parties will work side by side to establish projects and partnerships that could potentially benefit both sides across crucial and strategic sectors, especially the energy and water desalination sectors on the Red Sea.

This will follow further research from the concerned ministers in Saudi Arabia and Jordan along with officials of NEOM regarding the scope and economic feasibility of the projects.

Established in 2019 and owned by the Saudi Public Investment Fund, NEOM Co. aims to develop the relevant area residing northwest of the Kingdom.

Copyright: Arab News © 2022 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.