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Saudi Arabia’s Crown Prince and Deputy Prime Minister Mohammed bin Salman to Visit Korea
This is the Saudi Crown Prince’s first visit to Korea as well as the first in 21 years by a Saudi heir to the throne. Then-Crown Prince Abdullah bin Abdulaziz Al Saud visited the country in 1998.
President Moon and Crown Prince Mohammed bin Salman will hold talks on the morning of June 26, which will be followed by an MOU signing ceremony and an official luncheon hosted by the President.
As a key friendly nation, Saudi Arabia is the largest supplier of crude oil to Korea and, at the same time, Korea’s biggest economic partner in the Middle East. Notably, Korea is a strategic player in Saudi Arabia’s Vision 2030 economic and social reform initiative led by the Crown Prince. In that regard, his forthcoming visit is expected to serve as a catalyst for strengthening substantive collaboration between Korea and Saudi Arabia in a range of areas.
During the upcoming visit, President Moon and the Crown Prince will review progress made in bilateral relations and examine the vision and directions of future cooperation from various perspectives.
Their discussions are expected to go beyond conventional cooperation in construction, infrastructure and energy to include working together in future industries involving ICT, nuclear power generation, green cars and SMEs as well as public services connected to healthcare, medical services, national defense, the defense industry, intellectual properties and e-government. They will also share views on concrete measures for expanding people-to-people exchanges in culture and education.
On top of this, the two leaders will reaffirm Saudi Arabia's unwavering support for the Korean Government's peace process on the Korean Peninsula. The scope of their talks will most likely extend beyond issues involving the Korean Peninsula and the Middle East to include collaborative efforts to promote world peace and prosperity.
