South Korean president: Saudi Arabia may rework itself into a middle for superior industries

by ADeeL

Saudi Gazette report

RIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman witnessed the dialogue session of South Korean President Yoon Suk Yeol on the 7th Future Funding Initiative (FII7) discussion board, which kicked off in Riyadh on Tuesday.

Addressing the occasion, Yeol emphasised that Saudi Arabia has been in a position to rework itself into a middle for superior industries. “South Korea shares experience with Riyadh to realize a novel expertise in a shorter time as a part of efforts to appreciate this robust cooperation,” he mentioned.

The Korean president revealed that the amount of commerce alternate between South Korea and the Kingdom has reached about $29 billion within the fields of vitality, protection, and infrastructure development.

Yeol mentioned that in his present go to to Saudi Arabia, he had the chance to deepen his understanding concerning the Kingdom’s initiatives, noting that he has a sense of ardour for the NEOM undertaking. The president described his go to to Saudi Arabia as an vital process to strengthen solidarity with the Kingdom to realize widespread progress. “The Korean firms have been in a position to take part within the development of the Kingdom’s infrastructure over the previous 60 years. It has established belief and took part in accelerating industries to realize cooperation between the 2 international locations,” he mentioned.

The South Korean president acknowledged that the Saudi Imaginative and prescient 2030 represents a nationwide transformation and that his nation is taken into account as a very powerful associate for the success of Riyadh’s aspirations in a number of elements, together with financial, cultural and data know-how, along with the Kingdom’s ambition to achieve carbon neutrality and the motion associated to local weather change. He careworn that Seoul will strengthen its investments in these sectors in accordance with the Kingdom’s plans.

Yeol underscored the significance of enhancing cooperation and facilitating journey, along with studying concerning the cultures of the 2 peoples by research applications and scholarships applications to finish increased research and undertake alternate within the fields of analysis, innovation and sciences. He unveiled Korea’s plans to function and open applications and institutes to show the Korean language in Saudi Arabia.

The South Korean president added that Saudi Arabia was one of many first international locations to belief Seoul’s capabilities and that there will probably be extra technical exchanges between the 2 international locations within the coming interval. “The financial cooperation is often pushed by relations between businessmen and corporations,” he mentioned whereas stressing the need of working in direction of rising rapprochement and offering all amenities.

Round 6,000 members from greater than 90 international locations and 500 native and worldwide audio system from totally different sectors are attending the three day FII7 discussion board with the theme of “The New Compass”, which is being held on the King Abdulaziz Worldwide Middle for Conferences.

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