Korea and Saudi Arabia have recently discussed signing initial agreements for partnerships in future mobility and road infrastructure development, the transport ministry said Thursday.
Korea is fortifying cooperation with Saudi Arabia, a prospective partner in the expansion of Korea s key industries including construction, shipbuilding and marine engineering, according to the trade and land ministries, Thursday. The areas of joint cooperation will include digital and smart infrastructure building, intellectual property rights, culture, hydrogen energy, smart city planning, bio, healthcare, agriculture and the fishery industry. The two countries will increase investments in areas where small- and medium-sized market players in Korea, one of Asia s tech, bio and manufacturing powerhouses, and resource-rich Saudi Arabia can both thrive.