Saudi Arabia and South Korea: A fruitful and enduring partnership
132 South Korean investments in Saudi Arabia valued at $3.66 billion These projects are divided into five sub-groups: energy and industrialization; infrastructure and smart...
South Korea, Saudi to boost ties on energy, defence; $30 bln in deals
SEOUL, Nov 17 (Reuters) - South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defence and construction, as the oil-rich kingdom signed...
Saudi Arabia signs $800 million defence deal with South Korea's Hanwha
DUBAI, March 8 (Reuters) - Saudi Arabia's Defence Ministry has signed a 3 billion Saudi riyal ($800 million) contract with South Korea's Hanwha to support its defence capabilities and...
Saudi Arabia, South Korea sign deals worth $30bn during crown prince’s
The visit coincided with the Korea-Saudi Investment Forum, in which 26 agreements were signed by Saudi companies and their Korean counterparts to cooperate on clean energy projects,...
Saudi Arabia–South Korea relations
When Saudi Arabia announced Saudi Vision 2030, South Korea and Saudi Arabia have increased their cooperation, as the two nations do not have any hostilities and both are concerned over security and safety. [13] The two countries signed $8.3bn economic pact, included a $6bn deal between Saudi Aramco and Korean firm S-Oil in 2025. [14]
- Did Saudi & South Korean companies sign 10 contracts?
- RIYADH: Saudi and South Korean companies signed 10 agreements spanning construction, energy and health sectors on the sidelines of a business forum in Seoul on Tuesday. Contracting, sustainability, and food were also covered by the deals, inked at an event attended by Saudi Minister of Commerce Majid Al-Qasabi.
- How much does Saudi Arabia trade with Korea in 2021?
- In 2021, the volume of trade exchange between the Kingdom and the Republic of Korea amounted to about $26.506 million, with a trade surplus in favor of the Kingdom valued at $19.646 million. Saudi exports to Korea reached $23.076 million, while imports from Korea amounted to $3.40 million.
- Does Saudi Arabia need a partnership between small and medium-sized enterprises?
- According to a press release from Saudi Arabia’s National Competitiveness Centre, the secretary-general of the Federation of Saudi Chambers of Commerce, Walid Al-Arainan, said there is a need to enhance partnerships between small and medium-sized enterprises in both countries.
- What is the Saudi-Korean strategic defense partnership?
- In the defense field, the Kingdom and the Republic of Korea have embarked on a strategic defense partnership through the establishment of the Saudi-Korean Ministerial Committee for Defense Cooperation, aligned with the goals of the Saudi Vision 2030 to empower and develop the military industries sector.
- What are Korea's industrial investments in Saudi Arabia?
- Additionally, there are three Korean industrial investments in the Saudi Authority for Industrial Cities and Technology Zones "MODON," focusing on manufacturing rubber, plastic, steel pipes, and other sectors.
- Will Saudi-Korea invest in green hydrogen?
- In January 2022, during the Saudi-Korea Investment Forum hosted in Riyadh, the Saudi Public Investment Fund, South Korean steel-making company POSCO, and Samsung CT signed a memorandum of understanding to develop a project for producing green hydrogen for export purposes.
