The Saudi Arabian General Investment Authority (SAGIA) is planning to sign ten memorandums of understanding (MoUs) with South Korean firms to enhance economic cooperation in different fields.
SAGIA will open an office in South Korea in 2020, Yonhap news agency reported today.
“Extending MoUs between the two countries will not only allow South Korean firms to expand presence across the Kingdom, but help Saudi firms to attract investments from the Asian country,” Ibrahim Al-Omar, Governor of SAGIA, said during an investment convention in Seoul.
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