The RCU and Red Sea Global partnership, established on 4 September 2023, is grounded in a mutual commitment to sustainable development, aligning with the economic diversification objectives of Saudi Vision 2030. The partnership aims to establish, implement, and sustain a high-level cooperation model that facilitates knowledge transfer, innovation exchange, and expertise sharing across multiple areas of cooperation. By co-creating and delivering joint initiatives, both parties strive to drive economic growth in accordance with Saudi Vision 2030 and relevant national strategies, policies, and initiatives.