Saudi Arabia signs $15.6bln deals in various sectors with south Korea

Saudi Arabia signed more than 50 deals MoUs worth $15.6 billion with South Korea in multiple sectors, including tourism, crude oil, hydrogen energy, food, and medical products, this came during the Saudi-Korean Investment Forum on Sunday.

Under the agreements, both countries have agreed to work together on a “Hydrogen Oasis Cooperation Initiative” that will focus on developing the entire hydrogen value chain, from production to distribution to use.

Furthermore, the Saudi Contractors Authority on Sunday signed a MoU with the Korean International Contractors Association, according to the Saudi Press Agency published on Monday.