Saudi Gazette report
RIYADH — Crown Prince and Prime Minister Mohammed Bin Salman warmly welcomed South Korean President Yoon Suk Yeol in Riyadh on Sunday, marking the second day of President Yoon’s four-day state go to to Saudi Arabia.
The leaders engaged in in depth talks on the Al Yamamah Palace, the place an expanded assembly and an official talks session befell.
On the onset, Crown Prince Mohammed expressed his cordial welcome to President Yoon, extending needs for a pleasing keep.
In response, President Yoon conveyed his gratitude for the beneficiant hospitality and heat reception prolonged to him and his accompanying delegation.
The discussions delved right into a complete evaluation of bilateral relations between Saudi Arabia and Korea.
The leaders explored joint coordination efforts to strengthen cooperation throughout numerous fields, considering alternatives to leverage the considerable sources of each nations for mutual profit.
The talks additionally encompassed regional and worldwide developments, reflecting the frequent pursuits and collaborative efforts shared by the 2 nations.
In a joint effort to deepen their strategic partnership, Crown Prince Mohammed Bin Salman and President Yoon Suk Yeol expressed their dedication to enhancing the sturdy ties between their nations.
The leaders, signaling a forward-looking method, agreed to discover new avenues of financial collaboration past the normal realms of development and vitality.
A press launch from President Yoon’s workplace highlighted the leaders’ dedication to additional develop the strategic partnership initiated in November throughout Crown Prince Mohammed’s go to to Seoul.
They welcomed the signing of a memorandum of understanding outlining the small print of the “strategic partnership committee” established through the November go to.
President Yoon, recognizing Saudi Arabia’s vital transformation within the post-oil period, requested the Crown Prince and the Saudi authorities’s assist for South Korean corporations collaborating in main growth initiatives, together with NEOM, Qiddiya, and the Crimson Sea.
Emphasizing South Korea as an optimum accomplice for Saudi Arabia, President Yoon expressed optimism about increasing bilateral cooperation into cutting-edge industrial partnerships, together with joint ventures in vehicle and ship manufacturing.
He additionally expressed hopes for collaboration in tourism and cultural change.
Subsequently, Crown Prince Mohammed and President Yoon witnessed the signing ceremony of a number of key agreements and memoranda of understanding, additional solidifying the collaboration between the 2 nations.
The primary settlement establishes a Strategic Partnership Council between the governments of Saudi Arabia and Korea. Minister of International Affairs Prince Faisal Bin Farhan signed on behalf of Saudi Arabia and Minister of International Affairs Park Jin signed for Korea.
The second settlement, named the Hydrogen Oasis Initiative, goals to foster cooperation within the realm of inexperienced and clear hydrogen. Minister of Vitality Prince Abdulaziz Bin Salman, signed for Saudi Arabia and Minister of Commerce, Trade, and Vitality Bang Moon-kyu signed for Korea.
The third settlement is a visa exemption pact for holders of diplomatic, particular, and official passports between the governments of Saudi Arabia and Korea. Minister of International Affairs Prince Faisal Bin Farhan signed on behalf of Saudi Arabia and Minister of International Affairs Park Jin signed for Korea.
The fourth settlement concerned the implementation of a joint statistical cooperation program between the Normal Authority for Statistics in Saudi Arabia and the Korean Statistical Workplace.
Minister of Economic system and Planning and Chairman of the Normal Authority for Statistics Faisal Al-Ibrahim signed for Saudi Arabia and Deputy Prime Minister and Minister of Economic system and Finance Kyungho Choo signed for Korea.
The ultimate settlement is a memorandum of understanding between the Saudi Meals and Drug Authority and the Ministry of Meals and Drug Security in Korea, fostering cooperation within the fields of meals and medical merchandise.
Minister of Well being and Chairman of the Saudi Meals and Drug Authority Fahd Al-Jalajel signed for Saudi Arabia, and Minister of International Affairs Park Jin signed for Korea.