Tag: neom

neom

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NEOM’s Mirage? Vision 2030 flagship faces budget cuts, construction stalls

Neom, the ambitious megacity rising from the Saudi Arabian desert and once heralded as a symbol of futuristic urban planning, seems to be stuck in a sandy storm.

2025.5.22

President Yoon Suk Yeol walks alongside Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud during the official welcoming ceremony held at Al Yamamah Palace in Riyadh on Sunday. [JOINT PRESS CORPS]

Yoon, Saudi leader pledge cooperation in joint statement

Korea and Saudi Arabia pledged to deepen their cooperation across energy, manufacturing, construction and defense sectors as President Yoon Suk Yeol's visit to Riyadh came to a close on Monday.

2023.10.24

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Korean President Yoon Suk Yeol, right, and Saudi Crown Prince Mohammed bin Salman head toward a memorandum of understanding signing ceremony after their bilateral summit at the Al Yamamah Palace in Riyadh on Sunday. [JOINT PRESS CORPS]

Korean and Saudi leaders agree to deepen 'strategic partnership' in summit

Korean President Yoon Suk Yeol and Saudi Crown Prince and Prime Minister Mohammed bin Salman agreed to deepen and develop the “future-oriented strategic partnership” between the two countries during a bilateral summit in Riyadh on Sunday.

2023.10.22

Korean President Yoon Suk Yeol, third from left, first lady Kim Keon Hee and the presidential entourage arrive on Air Force One, escorted by Saudi fighter jets, at King Khalid International Airport in Riyadh for a state visit to Saudi Arabia on Saturday evening. They were greeted by an honor guard and Saudi officials, including Prince Mohammed bin Abdulrahman bin Abdulaziz, deputy governor of Riyadh. [JOINT PRESS CORPS]

Yoon aims to diversify bilateral cooperation with Saudi visit

President Yoon Suk Yeol said his state visit to Saudi Arabia will expand cooperation between the two countries beyond construction and infrastructure to sectors such as energy, investment and culture.

2023.10.22

Yasir O. Al-Rumayyan, the governor of Saudi Arabia's sovereign wealth fund and the board chairman of state-run Aramco [ARAMCO]

Saudi wealth fund governor visits Korea

Yasir O. Al-Rumayyan, the governor of Saudi Arabia's sovereign wealth fund and the board chairman of state-run Aramco, one of the world’s largest companies, is meeting with local business executives including HD Hyundai chief Chung Ki-sun in Korea.

2023.9.7

The Riyadh 380-kilovolt power transmission lines in Saudi Arabia constructed by Hyundai E&C [HYUNDAI E&C]

Hyundai E&C lands $145M deal to build transmission lines in Saudi Arabia

Hyundai Engineering & Construction (Hyundai E&C) has won a $145 million contract to lay transmission lines and build related infrastructure by 2027 in Saudi Arabia.

2023.8.1

A mockup structure of NEOM's linear city ″The Line″ is displayed at the Dongdaemun Design Plaza in central Seoul on Tuesday. [YONHAP]

Korean companies look to get piece of NEOM pie

Korean firms should capitalize on the huge investment opportunities at NEOM, the mega-city project’s top official said during the first-ever NEOM roadshow event held in Asia at Dongdaemun Design Plaza (DDP) in central Seoul Tuesday.

2023.7.26

A digitally rendered image of NEOM city in Saudi Arabia [SCREEN CAPTURE]

UN human rights czar questions role of Korean firms in Saudi Arabia

The United Nations Office of the High Commissioner for Human Rights (OHCHR) recently raised questions regarding the possible involvement of Korean companies in human rights violations in Saudi Arabia...

2023.6.29

Finance Minister Choo Kyung-ho speaks during a meeting at Seoul Government Complex in central Seoul on April 21. [YONHAP]

NEOM Korean roadshow planned as trade deficit persists

Seoul will host an investor relations event on Saudi Arabia’s NEOM mega-city project during the third quarter, Finance Minister Choo Kyung-ho said Friday, as the Korean government is trying to tap into the initiative amid falling exports.

2023.4.21

Saudi Arabian government officials and Chae Seon-ju, left, president of communications & social responsibility at Naver, sign a memorandum of understanding last month to collaborate for the NEOM city project. [NAVER]

Naver to bolster urban digital mapping business

Naver, a tech company best known for its namesake internet portal, is pivoting towards urban-scale digital infrastructure business, pulling together resources for a huge smart city project in Saudi Arabia.

2023.4.11