South Korea’s Samsung to help Saudi Public Investment Fund with construction projects
Saudi Aramco has also strengthened its ties to South Korean companies recently.
![South Korean Foreign Minister Park Jin (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan (L)](/sites/default/files/styles/article_hero_medium/public/2023-01/GettyImages-1242009194.jpg?h=657ddd4c&itok=6POIa0-p)
The Saudi Public Investment Fund announced Tuesday a partnership with Samsung’s construction company.
The sovereign wealth fund signed a memorandum of understanding with Samsung C&T Corporation to explore collaboration on the fund’s real estate and construction projects. The Public Investment Fund specifically mentioned “developing innovative technologies” to this end, according to a tweet.