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The Visit of HRH the Crown Prince to South Korea Expresses the Strenght of the New Vision of the Kingdom and an Incentive for the Investment sector of the two countries

Thursday 27 June 2019


The Chairman of the Board of Directors of Riyadh Chamber


Mr. Ajlan Al Ajlan the Chairman of the Board of Directors of Riyadh Chamber confirmed that The visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Vice Prime Minister and Minister of Defense to South Korea and his attendance at the G20 summit in Osaka Japan is a new link in the strength of the new Saudi vision, said Mr. Ajlan Al Ajlan, Chairman of Riyadh Chamber. Also, a bridge to enhance the relationship between the Kingdom and the effective countries on the International political and economic scene. 

Mr. Al Ajlan noted that the importance of the visit comes in the context of the Kingdom's efforts to transform its economic focus from oil to information technology and renewable energy. Mr. Al Ajlan noted that the 15 agreements reached between the two sides on Wednesday, June 26, and during the Saudi-Korean leadership partnership forum included several strategic sectors targeted in the Kingdom Such as finance, media, manufacturing, construction, and petrochemicals. Also, it included several major Korean companies.

 Mr. Al-Ajlan explained that these agreements would lead to more economic integration supported by the strong ties between the two countries, by indicating its role to create a quantum leap of the joint vision 2030 of the two countries, which was signed in 2017.


Regarding the participation of His Highness the Crown Prince at the G20 Summit in Osaka, Japan, Mr. Ajlan Al Ajlan, Chairman of Riyadh Chamber expressed the interest of His highness Crown prince in the framework of global economic cooperation. Also, his support for the programs to achieve the objectives of 2030, while the Kingdom ranks 17th among the G20 economies. In addition, he said that participation gained its importance from the role of the Kingdom as a significant economic burden and is continuously seeking to support the stability of energy around the world.