Won Hee-ryong, minister of land, infrastructure and transport, gives a speech during an event held in Seoul on Nov.1. [MINISTRY OF LAND, INFRASTRUCTURE AND TRANSPORT}

Minister of Land, Infrastructure and Transport Won Hee-ryong is leaving Friday for Saudi Arabia to make a sales pitch for Korean companies seeking to participate in the $500 billion NEOM city development.  
 
The Korean Land Ministry is the first Korea ministry to visit the site of the massive project.  
 
Won will travel to Riyadh and stay in the country for four days, joined by 22 companies including 11 Korean construction companies.
 
Representatives of Hyundai E&C, Samsung C&T, Naver and KT and from smart city and mobility companies are joining the delegation.
 
During his trip, Won will be holding meetings with top government officials at Saudi Arabia’s energy minister, the head of the country’s sovereign wealth fund and investment, tourism and housing ministers.  
 
On Sunday, the Korean government and companies will be attending a Korea-Saudi Innovation Roadshow being organized with Saudi’s Ministry of Transport and Logistics Services.  
 
The Korean minister will also be meeting with the top executives of Saudi development companies, including Al Akaria, Roshn, Red Sea and Qiddiya.  
 
NEOM is one of the three major development projects in the country’s 2030 vision pushed by Crown Prince Mohammed bin Salman.
 
The 26,500-square-kilometer city will be built in a desert area in Tabuk Province. It will be designed to run entirely on renewable energy and utilize state-of-the-art technologies, including robotics, autonomous vehicles and flying taxis.  
 
A Hyundai Engineering & Construction and Samsung C&T consortium is building a railway tunnel at NEOM City.  
 
“This visit will bring momentum and further raise the trust and cooperation between the two countries in construction and infrastructure,” Won said.  
 
Saudi Arabia has a long history with Korean construction companies, which have been working in the country since 1973. The two countries established diplomatic relations in 1962.  
 

READ  주한대사, 나이지리아와 경제협력 강화 약속

BY LEE HO-JEONG [[email protected]]

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

You May Also Like

공화당 후보들, 김정은 찬양하는 트럼프 비판

몇몇 공화당 대선 후보들은 지난 주 세계보건기구(WHO) 집행이사회에 낙오자 왕국이 선출된 후…

유럽 ​​증시는 상승했고 월스트리트 선물은 보합세

엘리자베스 하우크로프트 런던 (로이터) – 유럽 주가지수는 월요일 상승했고, 월스트리트 선물은 투자자들이…

바이든, 북아일랜드 지도자들에게 ‘놀라운 경제적 기회’ 포착 촉구

바이든, 북아일랜드…

(LEAD) 대한항공·아시아나, 2년 만에 김포-하네다 노선 재개

(ATTN: 마지막 세 단락의 추가 정보로 업데이트) (서울=연합뉴스) 대한항공과 아시아나항공이 신종 코로나바이러스…