S. Korean, Saudi leaders agree to cooperate on new future industries, with new deals worth over US$
3.5 هزار بار بازدید -
10 ماه پیش
-
S. Korean, Saudi leaders agree
S. Korean, Saudi leaders agree to cooperate on new future industries, with new deals worth over US$ 15 bil.
"한•사우디, 脫탄소 최적파트너" 첨단산업•신산업•수소 협력 156억달러 추가 유치
President Yoon Suk Yeol held summit talks with Saudi Crown Prince Mohammad bin Salman during his official state visit to Saudi Arabia.
The leaders agreed to level up their cooperation from oil-based to future-oriented ties, to transform their respective economies.
Our Oh Soo-young starts us off.
South Korea and Saudi Arabia agreed to ramp up their bilateral cooperation to a future-oriented strategic partnership in new industries, with over 15 billion U.S dollars worth of projects to be inked, as they prepare for a post-oil economy.
President Yoon Suk Yeol and Saudi Crown Prince Mohammed bin Salman held a summit in Riyadh Sunday, as Yoon becomes the first South Korean leader to make a state visit to Saudi Arabia.
Their talks also fall upon the 50th anniversary of South Korean firms entering the Kingdom's construction sector.
"Until now, the bilateral relationship has been determined by one commodity --oil --and construction projects in Saudi Arabia.
But, as Saudi Vision 2030 looks to diversify away from oil, and spark economic and social innovation, the two countries are now expanding cooperation to new, promising sectors."
“As investments in nuclear power plants, green energy, digital technologies, and AI expand globally, our partnership with the Middle East region is moving to a stage that encompasses future industries such as hydrogen, IT, automobiles, and renewable energy.”
Yoon said the two countries make optimal partners in growing their post-oil economies, reiterating the need for greater collaboration.
He also asked bin Salman to play a leading role in stabilizing global oil prices, amid market volatility.
The Crown Prince welcomed the President's state visit, and pledged to communicate more frequently with Yoon, saying Korea is a key partner in his 'Vision 2030.'
Agreeing to strengthen cooperation in the defense sector, the two leaders also saw eye-to-eye on the potential for partnership in fields such as tourism, smart farms, statistics, cyber security, and food and drug regulations.
They called for joint efforts to produce solid outcomes, before holding a signing ceremony for key memorandums of understanding.
These include a visa exemption scheme for diplomats and state officials, establishing a Strategic Partnership Committee, and agreements to cooperate on hydrogen production and utilization, government statistics and regulatory procedures on food and medical products.
The two leaders also welcomed the more than 50 business MOUs to be signed during Yoon's official visit, worth some fifteen-point-six billion dollars of investment, on top of the 29 billion dollars Riyadh pledged to inject into South Korea last year.
Also during their talks, Yoon and bin Salman discussed their response to the Israel-Hamas conflict, with the South Korean leader offering necessary support, including humanitarian assistance.
Going forward, Yoon's office says with South Korea's developmental experience and technological prowess, and Saudi's abundant resources and growth potential the two countries can strike up synergy as they shift towards a sustainable future, and look to overcome complex geopolitical challenges.
Oh Soo-young, Arirang News, Riyadh.
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2023-10-23, 09:00 (KST)
"한•사우디, 脫탄소 최적파트너" 첨단산업•신산업•수소 협력 156억달러 추가 유치
President Yoon Suk Yeol held summit talks with Saudi Crown Prince Mohammad bin Salman during his official state visit to Saudi Arabia.
The leaders agreed to level up their cooperation from oil-based to future-oriented ties, to transform their respective economies.
Our Oh Soo-young starts us off.
South Korea and Saudi Arabia agreed to ramp up their bilateral cooperation to a future-oriented strategic partnership in new industries, with over 15 billion U.S dollars worth of projects to be inked, as they prepare for a post-oil economy.
President Yoon Suk Yeol and Saudi Crown Prince Mohammed bin Salman held a summit in Riyadh Sunday, as Yoon becomes the first South Korean leader to make a state visit to Saudi Arabia.
Their talks also fall upon the 50th anniversary of South Korean firms entering the Kingdom's construction sector.
"Until now, the bilateral relationship has been determined by one commodity --oil --and construction projects in Saudi Arabia.
But, as Saudi Vision 2030 looks to diversify away from oil, and spark economic and social innovation, the two countries are now expanding cooperation to new, promising sectors."
“As investments in nuclear power plants, green energy, digital technologies, and AI expand globally, our partnership with the Middle East region is moving to a stage that encompasses future industries such as hydrogen, IT, automobiles, and renewable energy.”
Yoon said the two countries make optimal partners in growing their post-oil economies, reiterating the need for greater collaboration.
He also asked bin Salman to play a leading role in stabilizing global oil prices, amid market volatility.
The Crown Prince welcomed the President's state visit, and pledged to communicate more frequently with Yoon, saying Korea is a key partner in his 'Vision 2030.'
Agreeing to strengthen cooperation in the defense sector, the two leaders also saw eye-to-eye on the potential for partnership in fields such as tourism, smart farms, statistics, cyber security, and food and drug regulations.
They called for joint efforts to produce solid outcomes, before holding a signing ceremony for key memorandums of understanding.
These include a visa exemption scheme for diplomats and state officials, establishing a Strategic Partnership Committee, and agreements to cooperate on hydrogen production and utilization, government statistics and regulatory procedures on food and medical products.
The two leaders also welcomed the more than 50 business MOUs to be signed during Yoon's official visit, worth some fifteen-point-six billion dollars of investment, on top of the 29 billion dollars Riyadh pledged to inject into South Korea last year.
Also during their talks, Yoon and bin Salman discussed their response to the Israel-Hamas conflict, with the South Korean leader offering necessary support, including humanitarian assistance.
Going forward, Yoon's office says with South Korea's developmental experience and technological prowess, and Saudi's abundant resources and growth potential the two countries can strike up synergy as they shift towards a sustainable future, and look to overcome complex geopolitical challenges.
Oh Soo-young, Arirang News, Riyadh.
#YoonSukYeol #Mohammad_bin_Salman #SaudiArabia #SouthKorea #Saudi_Crown_Prince #statevisit #bilateral_cooperation #investment #Arirang_News #아리랑뉴스 #Arirang_News #아리랑뉴스
📣 Facebook : Facebook: arirangtvnews
📣 Twitter : Twitter: arirangtvnews
📣 Homepage : https://arirang.com/
2023-10-23, 09:00 (KST)
10 ماه پیش
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