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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Seoul Seeks Aramco’s Help to Win Contracts of Saudi Giga Projects

Aramco Saudi Aramco Seoul Eximbank Kingdom South Korea Middle East Hydrogen Renewable Energy

The signing of the agreement between the Export-Import Bank of Korea and Saudi Aramco in Seoul on Tuesday. (Yonhap News Agency)

South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom.

The Export-Import Bank of Korea has announced the signing of a $6 billion framework deal with Saudi Aramco.

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