Saudi Arabia has signed with Egypt an investment agreement to develop Egyptian lands south Sinai to become part of NEOM project. The two countries have set up a $10 billion joint investment fund (Egyptians share of this fund include the long-term leases) to invest in lands located on the Egyptian side as part of the mega-city project, as Crown Prince Mohammed bin Salman met President Abdel Fattah al-Sisi in Cairo. They have also signed an environmental agreement, which is part of the Saudi strategy before starting to implement the Red Sea projects. This agreement is a protocol to protect the marine environment and reduce pollution to conserve coral reefs and beaches and agree on binding controls to prevent visual pollution. On the other hand, Saudi Arabia plans to set up seven maritime tourist attraction areas in the Red Sea, as part of NEOM, including cities and tourism projects. It is also working on establishing 50 resorts and four small cities in the Red Sea project, which has recently been announced by Riyadh, developing areas between NEOM and the Red Sea project and creating three other tourist destinations, including islands and beaches. Moreover, Saudi Arabia will establish more than 15 seafront and hundreds of resorts. And on the Jordanian side, Jordan will focus on developing Aqaba as part of Jordanian-Saudi investments. In Egypt, however, the project will focus on two attracting areas, which are Sharm el-Sheikh and Hurghada, and Egypt will work on developing them and setting up new attraction areas. In cooperation with Jordan and Egypt, Saudi Arabia will work on attracting European cruise and tourism companies operating in the Mediterranean, during the summer season, in order to work later on the Red Sea project. Notably, the Kingdom is currently negotiating with more than seven tourism and cruise companies. According to studies, flight requests for most Mediterranean tourism companies and cruises operating in the Mediterranean decrease after summer, and some close until the following summer or move to the Caribbean and the Indian Ocean, where they face stiff competition and divergence. Based on the plans, the distance between attraction areas in the Red Sea will not exceed a three-hour trip, in excellent conditions during the winter. The plans also include attracting the sailing market and establishing a marina specializing in new resorts in the Red Sea.