Yanbu Royal Commission and Skytower Investments Signed Industrial Development MOU Agreement

2024-05-31

Today, an agreement was executed between the representatives of the Yanbu Royal Commission and Skytower Investments representing the Kingdom’s continued commitment to HM King Khalid’s vision of almost a half-century ago and an industrial development showcase for the Kingdom.

Skytower Investments, representing a core American business team with its base in Houston, offers practical approaches to helping accelerate the Saudi interest in achieving the goals of Vision 2030. Vision 2030 is the articulation by Crown Prince Mohammed Bin Salman of building on the core principle of modern industrial transformation in Yanbu: to offer opportunity to the Saudi people and an example to all that this can be done in an “green fashion.” Such efforts do not supplant KSA’s tradition sources of wealth, but “augment” wealth creation by developing people skills for today’s global marketplace. “The Crown Prince is a visionary, as was HM King Khalid, who recognizes that the Kingdom’s people are its true wealth,” said Chairman Neil Bush, leader of the Skytower delegation.

“Under the Crown Prince’s leadership it is clear that Vision 2030 is a powerful driver to achieving goals necessary to decarbonize.” continued Chairman Bush. Skytower Investments brings the best to the task: the best technology, the best global providers, and a deep understanding of long term suitability.

The Kingdom is blessed by many natural resources and strong internal agreement on how traditional society enables many from different cultures to grow and share what Saudi Arabia has to offer. Many want to come to the Kingdom but not many know what to do or say when they arrive. This is the role of Skytower: one of service, assistance, and advice.

“Saudi Arabia makes sense as a supportive platform for expanding and developing new opportunities in the MENA (Middle East and North Africa) and throughout the world,” said Skytower’s Chief Executive Officer Eric Fang.

“We try to help, in our own way, to show others what we see as a powerhouse emerging both within the Kingdom and of benefit to the entire MENA region and the world. High quality jobs, with a green future, which are those envisioned by the Royal Commission and Skytower and the industrial enterprises that they attract are the basis of stability, and wealth building in any society”, noted Chairman Bush.