Al-Falih: 26 deals were signed with Seoul during Crown Prince’s visit, worth $29 billion

Saudi Investment Minister Khalid Al-Falih announced Thursday that 26 deals worth $29 billion will be signed during Saudi Crown Prince Mohammed bin Salman’s visit in South Korea.

Al-Falih confirmed, during an interview with Al-Arabiya, that the Shaheen project, whose agreement is being signed today, “constitutes the largest foreign investment in Korea, with a value exceeding 5 billion dollars”.

The Saudi official added that the Public Investment Fund will sign a series of agreements with a number of Korean companies.

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Saudi Crown Prince Mohammed bin Salman arrived in Seoul on Wednesday and is expected to meet with South Korean President Yoon Sok Yul on Thursday.

Korea is the second stop on Prince Mohammed bin Salman’s Asian tour, which includes a number of countries, during which he will meet their leaders and some of their officials. To discuss bilateral relations and discuss issues of common interest.

Today, the Saudi crown prince left Indonesia after leading his country’s delegation to the G20 leaders’ summit, which was held in Bali.

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