Saudi Gazette report

RIYADH — President Yoon Suk-Yeol of South Korea arrived in Saudi Arabia on Saturday, commencing a big four-day state go to.

Welcomed at King Khalid Worldwide Airport by dignitaries together with Deputy Governor of Riyadh Prince Mohammed Bin Abdulrahman and Minister of Funding Khalid Al-Falih, President Yoon is about for a collection of high-level engagements.

A summit with Crown Prince and Prime Minister Mohammed Bin Salman is a spotlight of the go to, marking nearly a yr for the reason that Crown Prince’s go to to Seoul in November 2022.

Final yr’s assembly resulted within the signing of 26 memorandums of understanding on tasks valued at roughly $29 billion.

President Yoon is scheduled to take part in a South Korea-Saudi Arabia funding Discussion Board, ship a lecture at King Saud College, and be part of a know-how discussion board attended by scientists from each nations.

Notably, the go to consists of an occasion commemorating 50 years of development cooperation between South Korea and Saudi Arabia.

As a visitor of honor on the annual Future Funding Initiative discussion board, President Yoon will elucidate South Korea’s attraction as an funding associate.

The discussion board will present a platform to debate the current and way forward for cooperation between South Korea and the Center East.

Accompanied by a strong 130-member enterprise delegation, together with trade leaders reminiscent of Samsung Electronics Govt Chairman Lee Jae-yong, Hyundai Motor Group Govt Chair Euisun Chung, and GS Group Chairman Huh Tae-soo, President Yoon’s go to underscores the depth of financial collaboration between South Korea and Saudi Arabia.