[Sponsored Report] A message from the Saudi ambassador to Korea
This year we celebrate the 88th Anniversary, while the Kingdom continues the process of development and modernization in all fields, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz al-Saud, and the trustworthy Crown Prince, Deputy Prime Minister and Minister of Defense His Royal Highness Prince Mohammed bin Salman bin Abdul Aziz. The Kingdom is experiencing a qualitative renaissance despite regional and international developments and challenges.
The Kingdom plays a key role in maintaining security and stability in the region, and it enjoys a regional, Arab, Islamic and international status, while playing an active and influential role in international decision-making, and its continuous pursuit for international peace and security.
Moreover, the Kingdom is one of the largest countries supporting humanitarian and relief work in the world, aware of the importance of alleviating human suffering and ensuring a decent life for those who are vulnerable and needy. The foreign aid provided by the Kingdom during the last two decades amounted to more than $84.7 billion.
Taking this opportunity, I would like to praise the strategic, friendship, and cooperative relations between the Kingdom of Saudi Arabia and the Republic of Korea, which date back to 1962. Through their long history, the two countries have witnessed a qualitative leap and great development in many fields, including politics, military, economy, education, culture and health. These achievements were consistent with the policies and principles set out in the agreements and memoranda of understanding signed between the two friendly countries.
The trade data confirm that the volume of trade exchange between the two friendly countries amounted to $26 billion last year and amounted to $17 billion until July of this year. Korea is the Kingdom’s fifth-largest trading partner, while the Kingdom is Korea’s largest supplier of crude oil and the largest market in the Middle East for Korean products. Korean companies acquire the highest market share and more Korean companies invest in the Kingdom.
The industrial sector has recently witnessed significant activities and achieved notable progress in 16 projects for joint cooperation out of 40 joint projects that were identified by the two countries, as part of their huge economic cooperation after selecting the Republic of Korea as a strategic partner within the framework of the Kingdom Vision 2030.
Both leaders of the two friendly countries have the common interest and desire to strengthen relations and develop cooperation to achieve, promote and serve the common interests of the two countries and their peoples and contribute to regional security, stability and world peace.
I sincerely wish the two countries and the two friendly peoples continued prosperity, security and stability.
This message provided by the Embassy of the Kingdom of Saudi Arabia
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