Royal Commission for Jubail and Yanbu(RCJY) and Islamic Development Bank IDB signed here today a Memorandum of Understanding to set up a joint cooperation between the two parties to exchange experiences and knowledge, research and studies, preparation of applied studies in the areas of Economic and specialized conferences, seminars, workshops and training courses. The MoU, which was signed by Prince Saud bin Abdullah bin Thunayan Al-Saud and the President of the IDB Dr. Ahmad Muhammad Ali, pertains to both parties' libraries and introduce their staff to the latest developments in addition to the constant visits aimed to study the research and training needs and to identify the two parties' potentials.