South Korean president hails new step in high-tech collaborations with Saudi Arabia

South Korea’s President Yoon Suk-yeol attends the South Korea-Saudi Arabia Future Technology Partnership forum in Riyadh.
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Updated 23 October 2023
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South Korean president hails new step in high-tech collaborations with Saudi Arabia

  • Yoon attended Saudi-Korean Future Technology Partnership forum in Riyadh

LONDON: The South Korea-Saudi Arabia Future Technology Partnership forum, which took place on Monday at King Abdulaziz City for Science and Technology in Riyadh, represents a new step in collaboration on digitization, clean energy, biotechnology and space, according to South Korea’s president, Yoon Suk-yeol.

Speaking at the event, he praised the advances made by the Kingdom in the field of smart transformation through its focus on 5G, artificial intelligence, cloud computing and other advanced digital technologies. He also highlighted the opportunities opening up for partnerships between the private sectors in both countries, particularly in clean and renewable energy, the Saudi Press Agency reported.

Yoon congratulated Saudi Arabia for its SEHA Virtual Hospital project and noted the Kingdom’s desire to reduce medical costs and enhance healthcare through collaborations with South Korea. He added that he is also eager to expand cooperation in the fields of space exploration, lunar exploration, satellite development and space technology.

Abdullah Al-Swaha, the Saudi minister of communications and information technology, said that Yoon’s state visit to the Kingdom underscores a strategic partnership between the two countries that has spanned more than six decades.

Saudi Investment Minister Khalid Al-Falih added: “The two countries have a golden opportunity for partnership in areas such as 5G and 6G technologies, open radio access networks, and generative artificial intelligence.”

During his visit to KACST, Yoon also toured an exhibition showcasing the Kingdom’s development of its digital economy, innovation frameworks and space sector. He was briefed on a number of projects and initiatives designed to address global challenges and achieve national objectives in research and development, in line with the goals of the Saudi Vision 2030 development and diversification agenda.

The president also heard about the outcomes of the four workshops in which Saudi and Korean scientists took part during the forum, in the fields of digital technologies, clean energy, advanced biotechnologies and space.

Also on Monday, Yoon and his delegation visited King Saud University, where the president met students and wished them great success in their scientific and practical studies and careers.
 


Saudi Arabia advances education investment through new partnerships

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Saudi Arabia advances education investment through new partnerships

  • Riyadh forum sees 12 agreements signed to enhance infrastructure, innovation, capacity building, and public-private collaboration

RIYADH: Saudi Arabia’s Minister of Education Yousef Al-Benyan inaugurated the second Education and Training Investment Forum in Riyadh.

The two-day event, which concluded on Monday, was attended by leaders, decision-makers, investors, and experts.

The forum focused on transforming the education sector into a key economic driver, aligned with the Human Capability Development Program and Saudi Vision 2030.

In his speech, Al-Benyan highlighted the support of the Kingdom’s leadership, enabling the ministry to foster partnerships with the private and nonprofit sectors.

This includes launching an investor guide to facilitate foreign investment in education through legislative frameworks ensuring secure returns.

During the forum, 12 agreements and memoranda of understanding were signed between the education ecosystem and various entities, focusing on education investment, training development, capacity building, and innovation.

These agreements aim to strengthen strategic partnerships and improve educational outcomes, the Saudi Press Agency reported.

The minister also honored outstanding students who excelled in international competitions, including the 2025 WorldSkills Asia and the Seoul International Invention Fair, recognizing their contributions to excellence and innovation.

The forum featured over 1,500 participants, including government leaders, educational institutions, and investors, and included panel discussions, keynote speeches, and workshops on investment strategies in education and successful public-private partnerships.

On the sidelines of the forum, New Murabba, a Public Investment Fund company, signed a memorandum of understanding with Tatweer Buildings Co., a subsidiary of Tatweer Education Holding Co.

The MoU establishes an exploratory collaboration to strengthen educational infrastructure and support community development in downtown Riyadh, the SPA added.

Under the agreement, New Murabba and Tatweer Buildings Co. will share expertise, form strategic partnerships, and co-develop programs to enhance the design, development, and operation of educational and community-focused projects.

The MoU also emphasizes incorporating global best practices in the design and operation of educational spaces, the SPA reported.

Both parties are committed to promoting sustainability by exploring eco-friendly solutions for future facilities and projects.

The collaboration will also provide consultancy and thought leadership to improve the quality and impact of educational initiatives.

The agreement includes exploring economic feasibility studies, supporting innovative public-private partnerships, and driving long-term, high-impact investments in the sector.

Michael Dyke, CEO of New Murabba, said: “This partnership with Tatweer Buildings Co. reflects our shared vision for shaping world-class educational and community spaces. Together, we aim to deliver projects that are purpose-driven, sustainable, and aligned with Saudi Arabia’s future ambitions.”