Riyadh – Asdaf News:
Minister of Finance, Mohammed bin Abdullah Al-Jadaan, met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea, Choo Kyung-ho, yesterday in Seoul
The two parties discussed their bilateral economic links, they also reviewed the state of the global economy and the persistent difficulties that many low-income nations confront, including high inflation rates, increased borrowing prices, and food insecurity.
The significance of stepping up efforts to speed the “Common Framework” initiative, initiated during the Kingdom’s G20 Presidency in 2020, was one of the topics connected to global financial challenges that were also covered.
Al-Jadaan furthermore took part in roundtable conversations with investors and CEOs of Korean businesses that the National Center for Privatization hosted in the presence of Won Hee-ryong, the country’s minister of land, infrastructure, and transportation. Al-Jadaan highlighted the developments made in the implementation of economic reforms and extensive public-private partnership initiatives under Vision 2030.
He described the numerous prospects presented by the Kingdom’s projects for cooperation and privatization in a variety of industries, including building, transportation, and water and wastewater.
Al-Jadaan also met with Hee-Sung Yoon, the President and Chairman of the Export-Import Bank of Korea where they talked about ways to increase cooperation in areas where the two nations have a lot in common while also increasing trade and investment between them.
Al-Jadaan also gave a summary of recent economic changes in Saudi Arabia, emphasising the promising outlook for the Saudi economy and the favorable investment prospects.–SPA
