S Arabia, S Korea sign 52 MoUs

RIYADH, Oct 23 (Arab News): Saudi Arabia and South Korea signed 52 memorandums of understanding for cooperation in various fields on the sidelines of the Saudi-Korean Investment Forum on Sunday.

The agreements included tourism, supply chains, real estate development, technology, and transportation and span across various sectors, as reported by El-Ekhbariya TV.

The Saudi-Korean Investment Forum features a multitude of sessions and meetings, both at the ministerial level and among executives and corporate leaders. The event coincides with the visit of South Korean President Yoon Suk Yeol to the Kingdom, highlighting the strong investment relations between Saudi Arabia and Korea.

According to El-Ekhbariya TV, a joint fund was established with over $160 million to further support mutual investment activities.