Saudi Minister of Commerce Concludes Visit to Republic of Korea

The Saudi Minister of Commerce and Chairman of the Board of Directors of the National Competitiveness Center (NCC), Dr. Majid bin Abdullah Al-Qasabi, met with the Minister of Land, Infrastructure and Transport, Dr. Sangwoo Park, today in Seoul, Republic of Korea.

The meeting, which also had the Kingdom of Saudi Arabia’s Ambassador to the Republic of Korea, Sami bin Mohammed Al-Sadhan, in attendance, covered discussions on the Kingdom’s Vision 2030, economic and development reforms, cooperation and partnership opportunities, and the exchange of expertise, particularly in priority sectors.

During the visit, Dr. Al-Qasabi also visited the Samsung Innovation Museum in Suwon and held a meeting with the Global President of Public Affairs, Seung-Hee Park, and senior executives of the company to explore cooperation opportunities and prospects presented by the Kingdom’s Vision 2030 and its economic and developmental reforms.

Furthermore, the minister met with the CEO of SK Telecom, Ryu Young-sang, to discuss potential cooperation opportunities that the company could offer to the kingdom’s ongoing projects.

The visit included meetings with several Korean officials, including the prime minister of Korea, the minister of trade, industry, and energy, the minister of small and medium enterprises and startups, the minister of trade, and the head of environmental, social and governance standards at Naver, to enhance trade relations and economic partnership.

Additionally, the minister participated in the Saudi-Korean Business Forum organized by the National Competitiveness Center, the Federation of Saudi Chambers of Commerce, and the Korean Chambers of Commerce and Industry. The Saudi delegation comprised representatives from various government entities and business leaders from major national companies. The forum aimed to strengthen trade relations in various priority economic sectors and discuss challenges faced by the private sector, as well as proposals for enhancing business opportunities.