Tuesday, 02 January 2024 12:17 GMT

S. Korea, Saudi Arabia To Expand Cooperation In Shipbuilding, AI


(MENAFN- Kuwait News Agency (KUNA)) TOKYO, Sept 26 (KUNA) -- South Korea and Saudi Arabia have agreed to expand their bilateral cooperation to include advanced industries, such as shipbuilding, automotive and artificial intelligence (AI), Yonhap News Agency reported Friday, citing Seoul's industry ministry.
Seoul and Riyadh developed 11 new cooperation projects and reviewed the implementation status of 46 projects under way during the Korea-Saudi Vision 2030 Committee meeting held in Seoul, according to the Ministry of Trade, Industry and Energy.
South Korea will operate a regular communication channel with Saudi Arabia to "faithfully" implement the projects and expand the cooperation between the two countries to key industries with growth potential, such as AI, and soft power, Industry Minister Kim Jung-kwan said.
The new projects encompass carbon reduction technologies in shipbuilding, advancements in automobile engines and hybrid cars, digital transformation, AI innovation, and entertainment sector cooperation, while HD Hyundai Heavy Industries and Saudi Aramco aim to complete the Middle East's largest shipyard this year. (end)
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