Korea’s investment in Saudi Arabia has reached $1.4bn in the first half of 2010
Economic cooperation between Saudi Arabia and South Korea in trade and investment continue to expand, Arab News has reported. “Korea’s investment in Saudi Arabia has reached $1.4bn in the first half of 2010,” South Korean Consul General Han Dal-jun said. The kingdom remains Korea’s largest oil supplier, making up one-third of its total oil imports. It imported 265 million barrels of oil from Saudi Arabia in 2009, he noted. “Korea is the third largest trading partner of Saudi Arabia, while the kingdom ranks as the fourth largest trading partner of Korea, with bilateral trade totaling $39bn in 2008,” he added.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.