On the 24th (local time), President Yoon Seok-yeol presented three keywords: ‘trust’, ‘innovation’, and ‘solidarity’ as the reason why Korea is the best partner to promote Saudi Arabia’s national development project ‘Vision 2030’.
President Yoon attended the 7th Future Investment Initiative Forum (FII) as the guest of honor this afternoon and introduced Korea’s charm as an economic and investment sector under the theme of ‘Cooperation between Korea and China in the new era.’
FII is also called the ‘Davos Forum in the Desert’ where global political and business figures and business leaders gather every year. Saudi Arabia’s mega-construction project ‘Neom City’ was also first announced at FII.
In his remarks, President Yoon introduced the Republic of Korea as a partner in the Middle East that can be ‘trusted’, ‘innovative’, and ‘solidarity’ for the future.
First, ‘trust’ was one of the sales strategies that was effective when President Yoon attracted large-scale investment through his state visit to the United Arab Emirates (UAE) in January.
At the time, UAE President Mohammed bin Zayed Al Nahyan promised to invest $30 billion (approximately 37 trillion won) in Korea, and stated, “I decided to invest $30 billion based on trust in Korea, which keeps its promises under any circumstances.” There is a bar.
In addition to trust, President Yoon introduced Korea’s ‘technological innovation’ as its second strength. Saudi Arabia is a world-class oil-rich country, but there is an urgent need to create a next-generation food industry due to the depletion of carbon energy.
Accordingly, Saudi Arabia is carrying out mega-scale construction projects such as NEOM through its national development project ‘Vision 2030’, and Korea’s experience and technological prowess in leaping from one of the world’s poorest countries to a powerhouse in advanced technologies such as semiconductors and secondary batteries in a short period of time is the best ‘role model’. am.
During his state visit to Saudi Arabia, President Yoon emphasized, “If Korea, with its cutting-edge technology and experience in successful industrial development, and Saudi Arabia, with its abundant capital and growth potential, join hands, we can create a synergy stronger than that of any other country.”
Chief Choi said, “The innovativeness of Korean companies and people is an essential element in the decarbonization development of the Middle East.” He added, “Korean companies have world-class innovative competitiveness not only in high-tech manufacturing such as semiconductors, secondary batteries, and smartphones, but also in various new industries including culture. “I have it,” he said.
President Yoon emphasized ‘solidarity’ between Korea and the Middle East as the last keyword. As Korea, a former war-torn country, has achieved remarkable growth with the help of countries around the world, it has expressed its will to unite with the Middle East for a prosperous future.
After his remarks, President Yoon continued a special one-on-one conversation under the forum’s theme, ‘The New Compass,’ and repeatedly emphasized that Korea is the ‘optimal partner’ for Saudi Arabia’s national development project.
(Riyadh = News 1)
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.