MOLIT leads the united delegation of Korean government & conglomerates to Saudi Arabia for the second Korean construction boom in the Middle East
The One Team Korea headed by the Ministry of Land, Infrastructure and Transport (MOLIT, Minister WON Hee-ryong) of Rep. of Korea will pay a visit to Kingdom of Saudi Arabia from November 4th to 9th. During the visit, the MOLIT will host a joint Roadshow in Riyadh with the Ministry of Transport and Logistic Services of Saudi Arabia. It will also be visiting NEOM, which is the futuristic green smart city planned under construction in the country’s northeastern region. To diversify bilateral cooperation, the Minister of MOLIT is going to meet with Saudi Ministers and CEOs in charge of energy, investment, housing, transport, and tourism.
This very first visit by Korean government to the Kingdom takes place in the backdrop of growing investment in infrastructure over the Gulf States followed by the rising global oil prices. The One Team Korea* consisted of leading Korean companies from construction, mobility, smart city, technology, and entertainment sectors is to show Korea’s new approach to overseas construction projects. MOLIT believes such convergence of construction with technology and culture can both enhance Korea’s opportunities for mega projects in Saudi Arabia like NEOM and usher in the second Korean wave around the Middle East.
Please refer to the attached file or the preview for more details.