Arab News, Saturday, Aug 28, 2021 | Muharram 20, 1443
Saudis sign deals to advance work on Saudi-Korean village
Saudi Arabia:
The National Industrial and Developing Center (NIDC) has
signed a cooperative agreement with the Saudi International Industrial Village
Company (SIIVC) on Wednesday, to provide knowledge support for Korean investors,
SPA reported.
The aim of this deal is to contribute to the localization of some promising
industries, and to promote integration between the relevant authorities for the
development of the industrial sector in the Kingdom.
The Saudi-Korean village project will have around 22 factories serving medical,
renewable energy, digital, and heavy industries.