High Prospects for Saudi-Korean Cooperation in Establishing Industrial Cities

High Prospects for Saudi-Korean Cooperation in Establishing Industrial Cities

The Saudi Minister of Industry and Mineral Resources during his meeting with his Korean counterpart in Riyadh (Asharq Al-Awsat)

Riyadh and Seoul reviewed the horizons for cooperation in industrial development on Thursday, especially collaboration on transferring the expertise of establishing and managing industrial cities in South Korea.

Cooperation was discussed during a meeting between the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, and the Minister of Trade, Industry and Energy of the Republic of Korea Moon Seung-wook, who is currently visiting the Kingdom.

Moon arrived in Saudi Arabia on Tuesday for a three-day stay at the Saudi minister’s invitation.

During the meeting, Al-Khorayef highlighted the industrial and mining sectors, as well as the mining investment system and opportunities in the Kingdom. Benefiting from the Korean experience in the fields of establishing and managing industrial cities was reviewed by the two ministers.

The Saudi Minister of Industry also discussed areas of cooperation and investment opportunities between the two countries in the fields of food industries, automobile industry, and shipbuilding, in addition to the manufacture of medical imaging devices, cosmetics, fashion, and leather products.

Al-Khorayef invited the Korean companies to visit the industrial cities in the Kingdom, Royal Commission for Jubail and Yanbu and MODON.

The Kingdom’s