Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Saudi Investment Forum on November 17, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and Saudi Arabia’s Ministry of Investment, and organized by the Korea Trade-Investment Promotion Agency (KOTRA), Korea Chamber of Commerce and Industry (KCCI) and the Federation of Saudi Chambers (FSC).

 

The two countries saw 26 new contracts and memorandums of understanding (MOUs) signed at the forum, including an EPC (Engineering, Procurement, Construction) contract between Saudi Arabia's Aramco-owned S-Oil and Korea’s domestic construction companies, the biggest single foreign investment to date for South Korea.

 

Approximately 300 persons attended the event, including Saudi Arabia’s Investment Minister Khalid A. Al-Falih and other representatives of Korean and Saudi officials and companies.