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
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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.


Saudi Arabia plays host to major Indonesian tourism campaign

Updated 3 min 56 sec ago
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Saudi Arabia plays host to major Indonesian tourism campaign

  • More than 165,000 Saudis visited the Southeast Asian country in 2018, and officials there are aiming to increase that number to 200,000 as part of a global visitor target of 20 million for this year
  • Indonesia is the world’s largest archipelago, with more than 17,000 islands famed for their beaches, wildlife and natural beauty

JEDDAH: Tourism chiefs have been taking part in a major five-day Saudi campaign to help promote Indonesia as a top international holiday destination.
More than 165,000 Saudis visited the Southeast Asian country in 2018, and officials there are aiming to increase that number to 200,000 as part of a global visitor target of 20 million for this year.
From Feb. 11-15, the Indonesian Tourism Ministry has been working with its Consulate General in Jeddah to run a series of events in the Kingdom in a bid to boost the country’s tourist attractions.
Seventeen agencies representing Indonesia’s hotel, airline and travel industries participated in a business get-together with local Saudi tour operators, and around 70 prominent media figures were invited to the Pullman Hotel in Jeddah for a day of briefings on key Indonesian visitor destinations.
The last three days of the promotional program saw the Tourism Ministry and officials from top local destinations, take part in the Jeddah International Travel and Tourism Exhibition (JTTX), held at the Hilton Hotel.
Indonesia was one of the main sponsors of the event which has now been running for nine years.
Mohamad Hery Saripudin, the consul-general of Indonesia in Jeddah, said numerous innovative promotional breakthroughs had been made toward attracting more Saudi tourists to his country.
Indonesia is the world’s largest archipelago, with more than 17,000 islands famed for their beaches, wildlife and natural beauty.
Garuda, the national airline of Indonesia, has helped with the running of familiarization trips for journalists to several tourist hotspots, and other initiatives have seen free Indonesian language courses being offered to Saudis and expatriates.
R. Sigit Witjaksono, the director of tourism marketing for South and Central Asia, the Middle East and Africa, said Indonesia aimed to play host to 20 million visitors from throughout the world during 2019.
He noted that Indonesia welcomed 165,862 Saudi visitors in 2018, the highest total of any country in the Middle East.
As well as its natural delights, Indonesia is Islam-friendly, having thousands of mosques and offering products which are Shariah-compliant.