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)
South Korean Foreign Minister Park Jin (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan (L) during their meeting at the Foreign Ministry in Seoul on July 20, 2022. - JUNG YEON-JE/POOL/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

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. 

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