Saudi Arabia-South Korea ties witness progress

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The Royal Embassy of Saudi Arabia in Seoul held a reception marking the country’s 88th National Day, praising its relations with South Korea, which have been broadened in diverse areas. (Saudi Embassy's social media account)
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The Royal Embassy of Saudi Arabia in Seoul held a reception marking the country’s 88th National Day, praising its relations with South Korea, which have been broadened in diverse areas. (Saudi Embassy's social media account)
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The Royal Embassy of Saudi Arabia in Seoul held a reception marking the country’s 88th National Day, praising its relations with South Korea, which have been broadened in diverse areas. (Saudi Embassy's social media account)
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The Royal Embassy of Saudi Arabia in Seoul held a reception marking the country’s 88th National Day, praising its relations with South Korea, which have been broadened in diverse areas. (Saudi Embassy's social media account)
Updated 20 September 2018
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Saudi Arabia-South Korea ties witness progress

  • About 400 guests, including envoys in Seoul, politicians and businessmen, attended the ceremony.
  • Among the high-profile South Korean guests were Minister Park Neung-hoo of the Health and Welfare Ministry; Sohn Hak-kyu, leader of the minority opposition Bareunmirae Party; and Rep. Sul Hoon, a lawmaker of the ruling Democratic Party.

SEOUL: To mark the country’s 88th National Day the Royal Embassy of Saudi Arabia in Seoul held a reception in the Shilla Hotel, in Seoul.
Riyad Almubaraky, the Saudi ambassador, said that ties with South Korea represented one of the most successful models of Saudi Arabia’s bilateral relations with nations around the globe.
“Since the inception of bilateral relations in 1962, the two countries have witnessed a qualitative leap and great development in many fields, including politics, economy, education, culture, and health and many other fields,” he said.
About 400 guests, including envoys in Seoul, politicians and businessmen, attended the ceremony. Among the high-profile South Korean guests were Minister Park Neung-hoo of the Health and Welfare Ministry; Sohn Hak-kyu, leader of the minority opposition Bareunmirae Party; and Rep. Sul Hoon, a lawmaker of the ruling Democratic Party.
Park stressed the progress of mutual cooperation in health care.
“Korea offers residency programs for Saudi physicians and dentists. Currently, a total of 73 Saudi physicians and dentists have been enrolled in these training programs,” he said.
In addition, Riyadh and Seoul are working closely on nuclear safety and security, as the Kingdom has sent 41 nuclear experts to South Korea for training in the development nuclear plants based on System-integrated Modular Advanced Reactor (SMART) technology.
The SMART project is aimed at the design and development of compact nuclear reactors so that the Kingdom can diversify energy sources in line with Vision 2030. South Korea is bidding to build two nuclear reactors in Saudi Arabia.
The Korea-Arab Friendship Caravan will be held in the Saudi capital on Oct. 14. More than 20 Korean artists will perform at the cultural event in the Riyadh-based King Fahd Cultural Center.
South Korea plans to hold the first Korean history and culture exhibition in Riyadh later this year.


Sakani program to add 11,000 homes in Jeddah

The Housing Ministry has deals with two real-estate companies. (Reuters/File)
Updated 18 October 2018
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Sakani program to add 11,000 homes in Jeddah

  • The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units
  • The Ministry stressed its keenness to work with qualified developers to add to housing stock

JEDDAH: The Saudi Ministry of Housing has signed agreements with two real-estate development companies to add more than 11,000 homes in Jeddah for the Sakani program. The deals were signed on October 15 during an event announcing the program’s 10th batch of beneficiaries.
The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units, while the second, Jeddah airport housing, is on land owned by the Ministry and will includes 2,203 units.
The agreements were signed in the presence of Minister of Housing Majid bin Abdullah Al-Hugail, National Housing Company CEO Mohammed bin Saleh Al-Bati, and officials from the ministry and the Real Estate Development Fund. They follow previous agreements signed by the Ministry of Housing with a number of developers to build housing in various regions of the Kingdom. Sixty projects providing more than 90,000 diverse homes, with prices ranging from SR250,000 to SR750,000 have already been launched.
The Ministry stressed its keenness to work with qualified developers to add to housing stock and support supply in the sector, to encourage competition between companies to meet the needs of citizens in a way that suits local markets and ensures the provision of continued maintenance services for the residential units.
“The real-estate developers with whom we signed contribute along with the Ministry to the service of citizens in order to provide a suitable residential environment on the levels of prices and specifications, while presenting the beneficiaries with the guarantees needed,” the Ministry said.
“These projects will be completed and handed over to the beneficiaries within a period not exceeding three years. These housing projects are integrated in terms of services and public facilities. They include mosques, public parks and green areas as well as government buildings.”