Saudi Aramco and Saudi industrial Property Authority (MODON) have signed a memorandum of understanding (MoU) to enhance joint cooperation in developing promising cities and in empowering the local community and women employment as part of the Saudi Vision 2030 and National Transformation Program 2020. Aramco said in a statement that the preliminary deal will enable both parties to establish development projects that enhance economies of the promising cities, through benefitting from the natural resources of various provinces in the Kingdom. Under the MoU, Saudi Aramco will conduct feasibility studies and development plans, select partners, and provide the necessary designs for the projects. MODON will provide locations and necessary incentives for various projects across its industrial cities to facilitate new launches.