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Mohammed bin Salman's Korea visit brings $30bn in business deals for Saudi ArabiaSaudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman arrived in Seoul on Thursday to hold talks with President Yoon Suk-yeol and top business leaders, initiating a slew of agreements worth an estimated $30 billion between the two countries. The crown prince’s trip to Seoul is his first in three years. In a closed meeting held earlier in the day, Yoon and the crown prince agreed to develop bilateral relations into a “future-oriented strategic partnership”...
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Pangeos terayacht: Saudi Arabia proposed as location for $8bn 'floating city' megaprojectItalian design house Pierpaolo Lazzarini has revealed plans for a gigantic $8bn turtle-shaped terayacht, with Saudi Arabia as the proposed location for the project. If funded, the project would be the world's largest water structure. The Lazzarini design house is known for its ambitious luxury transportation concepts. Earlier this year, it unveiled a flying superyacht concept powered by helium, named Air Yacht.
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Yoon, bin Salman Agree to Expand S. Korean Firms' Role in NEOM ProjectPresident Yoon Suk Yeol and Saudi Crown Prince Mohammed bin Salman have agreed to expand South Korean firms’ participation in the construction of the infrastructure for mega smart city project NEOM, located in northwestern Saudi Arabia. They also agreed to enhance and encourage their nations’ mutual cooperation in multilateral sectors including that of defense and future energy.
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NEOM showcases investment opportunities in European tourNEOM has organized a series of “Discover NEOM” meetings with investors and business partners in Berlin and Paris, as part of its ongoing efforts to attract investors and highlight the rapid progress it has made over the past year. Entrepreneurs, industry pioneers and potential business partners from the two European countries had the chance to engage with NEOM’s CEO and several of the project’s leaders to explore future opportunities and support NEOM’s mission to redefine business,...
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OneWeb partners with Saudi Arabia to bring high-speed satellite connectivity to NEOM
Satellite constellation operator OneWeb, itself in the process of merging with Eutelsat, is partnering with the massive Saudi Arabian ‘NEOM, city of the future’ currently under construction on the Gulf of Aqaba.
OneWeb last October signed a $200 million joint-venture agreement with NEOM Tec & Digital Holding Co., to bring high-speed satellite connectivity to NEOM, Saudi Arabia and the wider Middle East and neighbouring East African countries. Laith Hamad, CEO of the j-v, speaking at...
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Korean companies sign over 20 MOUs with NEOMSome 26 memorandums of understanding between Korean companies and Saudi Arabia were announced with the arrival of Crown Prince and Prime Minister Mohammad bin Salman Al Saud in Seoul on Thursday.
The business agreements, though they have no legal bound, include a $7 billion petrochemical project by S-Oil, the biggest single foreign investment, as well as Hyundai Rotem’s railroad and hydrogen train development cooperation related to Saudi’s NEOM city project.
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