Saudi-Korea Vision 2030 Committee launched with access to 400 companies

Economy and Planning Minister Adel Fakeih shakes hands with Korean counterpart Ungyu Paik after signing the MoU for cooperation in implementing Vision 2030.
Updated 02 November 2017

Saudi-Korea Vision 2030 Committee launched with access to 400 companies

RIYADH: Saudi Arabia and South Korea have announced the establishment of a ministerial level committee to boost cooperation, enhance business networking and ensure sustainable support for the Kingdom’s Vision 2030 economic reforms.
The Saudi-Korea Vision 2030 Committee “focuses on supporting business ventures between the two countries,” Youngjae Kim, diplomat and negotiator at Embassy of the Republic of Korea in Saudi Arabia, told Arab News on Tuesday.
He explained that the committee comprises five key sector sub-groups headed by senior government representatives from both countries: energy and manufacturing, smart infrastructure and digitization, capacity building, health care and life sciences, and SMEs and investments.
There is also a separate sub-group that will monitor and facilitate cooperative efforts, he added.
Kim said the two countries have already agreed on 40 projects across the five key sectors, including joint investments in shipbuilding; desalination and solar power plants; nuclear power plants; automobile production; an e-government cooperation center; robotics; smart city traffic control systems; intelligent CCTV and social safety infrastructure; new economic city development; a Saudi national health insurance system; financial assistance for SME joint ventures; business matchmaking of SMEs; and the construction and operation of theme parks.
At the 18th South Korean and Saudi Arabia Joint Committee Meeting (JCM) in Seoul on Friday, Saudi Minister of Economy and Planning, Adel Fakeih, expressed his confidence that the Saudi-Korea Vision 2030 Committee would lay a solid foundation for the two countries to foster a strategic and long-term partnership.
“Foreign Minister Kang noted that Korea, with its technical expertise and experience of economic industrialization, would be the optimal partner for Saudi Arabia as it promotes economic diversification and reform under Vision 2030,” said Korean Embassy spokesman Kim.
Concurrent with the JCM, the Korea Chamber of Commerce and Industry (KCCI) and the Council of Saudi Chambers (CSC), co-hosted the Vision 2030 Business Forum, which Fakeih also attended, and where he said that “vibrant B2B cooperation” was the key pillar of a bilateral economic partnership.
Over 400 Saudi and Korean business leaders and delegates attended, including South Korea’s Ambassador to Saudi Arabia, Kwon Pyung-oh, who stressed the need to link the innovative strengths of Korean companies with the enthusiasm, needs and boundless potential of Saudi Arabia in order to produce win-win results for both parties.


185 disabled Saudi children ready for new academic year

Updated 22 August 2019

185 disabled Saudi children ready for new academic year

RIYADH:  Saudi Arabia’s Disabled Children’s Association (DCA) finished its preparations for the new academic year with the completion of its educational programs aimed at developing children’s mental, cognitive and motor skills.

The DCA’s centers are getting ready to welcome around 185 new students, who will be enrolled in the preparatory and elementary stages. The association is also housing early intervention children in 11 centers throughout the Kingdom.

“The DCA’s centers finished their preparations early in line with the directives of Prince Sultan bin Salman bin Abdul Aziz, chairman of the association’s board of directors,” said Awadh Al-Ghamdi, the DCA’s secretary-general.

He added: “The association is keeping pace with new technologies by developing the educational care system every year. It continuously adopts new methods for children with special needs by providing the centers with what is necessary for the development of linguistic, social and psychological skills.

“The DCA held consultative meetings to approve an implementation mechanism by consulting experts from the educational committee at King Saud University about the importance of establishing an innovative resources room in all of the DCA centers.

Al-Ghamdi said: “The project will be implemented in cooperation with the Ministry of Education after it is judged by specialists from Saudi universities and adopted as part of the association’s initiatives. This comes as a continuation of the DCA’s role in caring for children with special needs for more than 35 years.”

The director of the DCA’s center in Al-Rass governorate presented the project’s original idea, which included reviewing the centers’ educational care programs according to modern educational trends.

A working group, which included a number of specialists, was assigned to the investigation. It presented a final vision to the DCA’s secretariat with a guide to the project’s implementation.