The Australian city of Adelaide has signed a memorandum of understanding with Edinburgh's festivals.

The Adelaide Festival and the Edinburgh International Festival today signed a Memorandum of Understanding (MOU) to “develop and promote creative, business and community collaborations”, including co-commissioning artists to create major work which is then premiered in Edinburgh or Adelaide.

The South Australia arts minister, Jack Snelling, was in Edinburgh to announce the MOU pact.

The Adelaide Fringe has also signed a deal with the leading Edinburgh ticketing software company which will set up an Adelaide office, creating eight new jobs.

Red61's ticketing platform last year handled the sale of 2.3 million tickets to 50,459 shows in 313 venues at the Edinburgh Festival Fringe.The Herald:

Mr Snelling said: "This is a huge step forward in the relationship between Edinburgh and Adelaide - the world's leading festival cities.

"The economic benefit for both cities can't be disputed.

"This is a historic moment."

Fergus Linehan, director of the Edinburgh International Festival said: "Creative exchange and the strengthening of international ties by means of cultural discussion, lies right at the heart of what the Edinburgh International Festival is and has been since its foundation nearly 70 years ago.

"Today we consolidate existing links with our festival peers in Adelaide in signing this Memorandum and look forward to working together to bring world-class artists to audiences in Edinburgh and Adelaide."

Shona McCarthy, chief executive of Edinburgh Festival Fringe Society added: "The Edinburgh Festival Fringe has over its 70 year history inspired Fringes all over the world, and the Fringe Society works formally and informally with many of them to share experience and best practice through events such as the biennial Fringe World Congress.

"We are looking forward to working in partnership with the Edinburgh International Festival and our Australian friends at the Adelaide Fringe and Festival to ensure the continued development and sustainability of these world renowned events."The Herald:

Ian Scobie, chair of Adelaide Festivals, said: "These great festivals like the arts upon which they are built, thrive on the creative energies of collaboration through which peoples lives are enriched and changed and this exciting moment reflects the beginning of Adelaide's festival culture in 1960 - inspired as it was by Edinburgh's enlightenment and ambition to welcome the world."

Made in Adelaide is currently in Edinburgh, a delegation of artists, companies, festivals, venues, directors and producers.

Up to 30 Adelaide artists performing at various venues across Edinburgh this month.

Tony Davey, chief executive of Red 61 said: "This partnership brings together the wealth of talent and experience that exists in Adelaide and Edinburgh and promises exiting opportunities for collaboration.

"With 10 years of providing the ticketing platform for some of the largest arts festivals in the world, I’m delighted that Red61 will be working with the Adelaide Fringe and contributing to their continued success."