The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

South Korea plans to collaborate with Saudi Arabia on further NEOM projects

As Korean diplomats prepare for a potential high-level visit to the Kingdom later this year, South Korea's deputy foreign minister stated to Arab News on Tuesday that the country wants to realise more cooperative projects with Saudi Arabia.  President Yoon Suk-yeol of South Korea and Saudi Arabia's Crown Prince Mohammed bin Salman committed to closer ties last November during the latter's first trip to Seoul since June 2019.

In November, Yoon and Crown Prince Mohammed made a deal to turn their bilateral ties into a "future-oriented strategic partnership" and form a special committee to support joint ventures.

The visit in November also fell in line with the Korea-Saudi Investment Forum, which saw the signing of 26 contracts for various projects, including clean energy and building in NEOM, the Saudi smart city project run by the crown prince, between Saudi companies and their Korean counterparts.

Read the full story at News Track Live

Add your commment below.