Cruise Saudi and MSC Cruises Ink Framework Agreement
Posted on 04/22/2021
Cruise Saudi is a sovereign wealth enterprise of Saudi Arabia’s Public Investment Fund (PIF). PIF owns 100% of the unit.
Cruise Saudi and MSC Cruises have announced the launch of Red Sea cruises in the coming winter 2021-2022 season. MSC Cruises is a large privately-owned cruise line. MSC Cruises is part of the Mediterranean Shipping Company S.A.
The framework agreement was signed in Riyadh. Under the terms of the agreement, the MSC Magnifica will homeport in Jeddah.