Skip to main content

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)

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. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.