Saudi Arabia and South Korea Sign Over 50 Agreements to Boost Cooperation
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Saudi Arabia and South Korea signed 52 MOUs for cooperation across various sectors like tourism, supply chains, real estate, technology, and transportation.
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The agreements were signed during the Saudi-Korean Investment Forum and coincide with the visit of the South Korean President.
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A joint fund with over $160 million was established to support mutual investment activities between the countries.
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Saudi Arabia is making strides in electric vehicles, with companies eager to partner with Korean counterparts for technology transfer and manufacturing.
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Saudi Arabia and Korea signed an MOU between construction authorities to enhance cooperation and exchange expertise in the construction sector.