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Alkhorayef engages with executives from a Korean firm to strengthen industrial relations.

During his visit to South Korea, Saudi Industry and Mineral Resources Minister Bandar Alkhorayef held discussions with key executives from various Korean companies, signaling an intent to strengthen industrial ties between the two nations. Alkhorayef’s itinerary included meetings with senior officials from Hyundai Heavy Industries Co. and a visit to their Ulsan facility to observe their advanced shipbuilding and engineering capabilities. Additionally, he engaged with representatives from GL Rapha Holding Co., Korea Aerospace Industries Co., Hanwha Mining Services Co., and Lotte Co., exploring investment prospects in Saudi Arabia’s industrial and mining sectors. Discussions also revolved around potential collaborations in marine industries, leveraging the Kingdom’s mineral resources. Alkhorayef further explored opportunities for a joint project between the Public Investment Fund and Hyundai Motor Co. to establish an automated car manufacturing plant in Saudi Arabia. In Changwon, he met with officials from CTR, an auto spare parts manufacturer, and Shinyoung Co., a producer of auto accessories. These bilateral engagements were part of Alkhorayef’s official visit aimed at fostering cooperation and strategic partnerships in industrial and mining sectors between Saudi Arabia and South Korea.

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