‎Saudi Arabia indicators $30 bln investment agreements with South Korean corporations

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Saudi Arabia signs $30 bln investment agreements with South Korean firms

Minister of Investment Khalid Al-Falih


Saudi Arabia signed investment agreements value almost about $30 billion with South Korean corporations, Minister of Investment Khalid Al-Falih knowledgeable Asharq Industry.

The agreements will likely be a new leap in partnership between the two international locations.

In assorted areas, CEO of Saudi Mission Capital Co. (SVC), Nabeel Koshak, mentioned an agreement modified into once signed with the South Korean counterpart to put seven in actuality supreme funds, that can even finance mission capital projects in every international locations.

Extra, the Riyadh-primarily primarily based Alfanar Building Co. signed three agreements with South Korean corporations at a total cost of virtually about SAR 7 billion in the fields of electrical energy and substitute localization in the Kingdom.

Crown Prince and Prime Minister Mohammed bin Salman arrived on Nov. 16 at Seoul in an legit focus on with, Argaam earlier reported.