RIYADH: Jeddah Central Development Co., wholly owned by the Public Investment Fund, has signed an initial agreement with PIF-owned Cruise Saudi to design Jeddah Central Project International Luxury Cruise Terminal. The marina and luxury cruise will provide Jeddah residents and visitors with ways to experience the coastal areas, fostering the growth of the Kingdom’s marine tourism industry, according to a press release. “Our plan is to develop a world-class marina that includes a luxury cruise destination, as a continuation of this rich maritime legacy. “Our partnership with Cruise Saudi will help us accelerate our efforts as we work to diversify the Kingdom’s tourism and entertainment industries, which is a key PIF and Saudi Vision 2030 objective,” CEO of JCDC, Ahmed bin Abdul Aziz Al-Sulaim, said. Reflecting JCDC’s commitment to establishing Jeddah as one of the region’s superyachts and luxury cruise destinations, the memorandum will strengthen Jeddah’s position as a multi-faceted maritime hub, the statement added.