The Saudi-Korean Investment Forum was held in Riyadh on Sunday, with the presence of the President of the Republic of Korea, Yoon Suk Yeol.
Attending the forum from the Saudi side were the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih; Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef; Governor of the Public Investment Fund (PIF), Yasir bin Othman Al-Rumayyan; and several distinguished dignitaries.
The attendees from the Korean side were Foreign Minister, Park Jin; Minister of Trade, Industry and Energy, Bang Moon-kyu; Minister of Land, Infrastructure and Transport, Won Hee-ryong; and representatives of major Saudi and Korean companies as well as private sectors.
During the forum, a total of 52 memorandums of understanding (MoUs) were signed by both government and private entities. Government agencies signed 4 MoUs with the private sector in areas such as real estate development, automotive, and water.
Meanwhile, the private sector inked 48 MoUs in sectors ranging from transportation, tourism, energy, renewable energy, technology, and infrastructure, to cybersecurity.
These agreements aim to strengthen investments between the Kingdom and Korea, reflecting the ongoing efforts towards integration and collaboration between the two nations.
The Saudi-Korean Investment Forum featured a short film presenting the ties between the Kingdom and Korea, along with presentations on “Invest Saudi” that emphasized investment opportunities in the Kingdom, economic cities, special zones, industries, and maritime services.
The discussions also delved into the prospects of a sustainable future in the context of Saudi-Korean cooperation.
Representatives from both sides engaged in a series of discussion sessions covering subjects related to future cities and industries, as well as various areas of mutual interest.
Additionally, delegates from major companies and the private sector on both ends explored avenues for collaboration, partnerships, and investment opportunities within the two nations. They also reviewed aspects of cooperation, investment partnerships, and the exchange of experiences.
The Saudi-Korean Investment Forum is accompanied by an exhibition that aims to showcase investment opportunities across various sectors, services, and incentives available to investors.
It involves the participation of several government agencies, including the Ministry of Investment, the Saudi Authority for Data and Artificial Intelligence (SDAIA), the Royal Commission for Riyadh City (RCRC), the Economic Cities and Special Zones Authority (ECZA), the National Transformation Program, Saudi Vision 2030, and the National Housing Company (NHC).
source: spa.gov.sa