Saudi Arabia is to cooperate with Korea for the development of electrical industries in the Kingdom.

This follows an agreement reached between the Saudi Electricity Company (SEC) and Hyundai, a Korean company, for the development of electrical industries in the Kingdom during the talks held between the two parties in Riyadh recently.

"We will cooperate with the specialized Korean companies in the field of electrical industries, SEC Chairman Saleh bin Hussein Al-Awaji said following the meeting held at the SEC headquarters in the capital.

He also praised the technical development achieved by South Korea in the field of electrical industries, saying that his organization will benefit from the Korean progress in this regard.

Al-Awaji, who held talks with Hyundai Chairman Kil-Sun Choi, pointed out that SEC has distinguished and deep rooted relations with Hyundai, which resulted in the accomplishment of several electrical projects, including Jeddah South and Al-Shuqaiq electric power generating stations.

Jeddah South, and Al-Shuqaiq power plants, produce 5,300 MW (megawatts), Al-Awaji said, adding that he reviewed with the Korean delegation investment opportunities, and ways of benefiting from their expertise in the field of new energy.

Responding to Al-Awaji' statement, Joy, hailed the relations between Hyundai and the SEC, asserting that cooperation between the two sides will continue to develop electrical industries in the Kingdom.

Hyundai started the implementation of Jeddah generating station with a capacity of 2,650 MW in October 2012, while work at Al Shuqaiq power plant began in August 2013 to generate 2,640 MW.

The meeting was attended by a team of SEC executives led by the chief executive on behalf of Mansour Al-Qahtani and Chief Executive of Operations Ce Park from the Korean side.